Haynes International Inc. (NASDAQ:HAYN) fell 3.3% during mid-day trading on Wednesday . The stock traded as low as $37.05 and last traded at $37.64, with a volume of 55,526 shares changing hands. The stock had previously closed at $38.93.

Several brokerages recently issued reports on HAYN. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a report on Friday, April 22nd. Rosenblatt Securities raised shares of Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, July 7th.

The firm has a market cap of $475.01 million and a PE ratio of 41.74. The firm has a 50 day moving average price of $33.63 and a 200-day moving average price of $33.13.

Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, May 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.14. The business had revenue of $102.50 million for the quarter, compared to analysts’ expectations of $105.53 million. The firm’s revenue for the quarter was down 26.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. On average, equities research analysts predict that Haynes International Inc. will post $0.25 earnings per share for the current fiscal year.

In other Haynes International news, VP Jean C. Neel bought 1,000 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $27.99 per share, for a total transaction of $27,990.00. Following the completion of the transaction, the vice president now directly owns 9,532 shares of the company’s stock, valued at $266,800.68. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Comerford bought 2,500 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were acquired at an average price of $26.25 per share, with a total value of $65,625.00. Following the transaction, the chief executive officer now directly owns 48,865 shares of the company’s stock, valued at $1,282,706.25. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in Haynes International stock. First Trust Advisors LP raised its position in Haynes International Inc. (NASDAQ:HAYN) by 83.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,922 shares of the company’s stock after buying an additional 27,186 shares during the period. First Trust Advisors LP owned 0.49% of Haynes International worth $2,199,000 as of its most recent SEC filing.

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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