Haynes International Inc. (HAYN) Stock Price Up 7%
Haynes International Inc. (NASDAQ:HAYN) traded up 7% during mid-day trading on Friday . The company traded as high as $36.77 and last traded at $36.13, with a volume of 65,077 shares changing hands. The stock had previously closed at $33.78.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Haynes International from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Rosenblatt Securities raised shares of Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Haynes International presently has an average rating of “Buy” and a consensus price target of $43.67.
The stock has a market capitalization of $448.04 million and a PE ratio of 39.37. The stock’s 50 day moving average price is $30.44 and its 200 day moving average price is $32.95.
Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, May 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by $0.14. During the same quarter in the prior year, the firm earned $0.94 EPS. The business had revenue of $102.50 million for the quarter, compared to the consensus estimate of $105.53 million. The business’s quarterly revenue was down 26.1% on a year-over-year basis. On average, equities research analysts expect that Haynes International Inc. will post $0.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $0.88 annualized dividend and a dividend yield of 2.43%.
In related news, VP Jean C. Neel bought 1,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were bought at an average cost of $27.99 per share, for a total transaction of $27,990.00. Following the transaction, the vice president now owns 9,532 shares of the company’s stock, valued at $266,800.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Comerford bought 2,500 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were bought at an average price of $26.25 per share, for a total transaction of $65,625.00. Following the completion of the transaction, the chief executive officer now directly owns 48,865 shares in the company, valued at approximately $1,282,706.25. The disclosure for this purchase can be found here.
Several large investors recently modified their holdings of HAYN. First Trust Advisors LP raised its stake in shares of Haynes International by 83.0% in the fourth quarter. First Trust Advisors LP now owns 59,922 shares of the company’s stock valued at $2,199,000 after buying an additional 27,186 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Haynes International by 1.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 118,938 shares of the company’s stock valued at $4,364,000 after buying an additional 1,500 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Haynes International by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 553,482 shares of the company’s stock valued at $20,308,000 after buying an additional 51,926 shares during the period.
Haynes International, Inc produces nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land-based gas turbine, chemical processing and other industries.
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