Haynes International Inc. (HAYN) Trading Up 6.4%
Haynes International Inc. (NASDAQ:HAYN) was up 6.4% during mid-day trading on Tuesday . The stock traded as high as $38.89 and last traded at $38.54, with a volume of 78,113 shares. The stock had previously closed at $36.22.
A number of research analysts recently weighed in on HAYN shares. Rosenblatt Securities upgraded Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, July 7th. Zacks Investment Research upgraded Haynes International from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st.
The firm’s 50-day moving average price is $33.63 and its 200 day moving average price is $33.13. The stock has a market cap of $473.77 million and a PE ratio of 41.63.
Haynes International (NASDAQ:HAYN) last announced 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 period last year, the firm earned $0.94 earnings per share. The company had revenue of $102.50 million for the quarter, compared to analyst estimates of $105.53 million. The business’s revenue for the quarter was down 26.1% compared to the same quarter last year. On average, equities analysts forecast that Haynes International Inc. will post $0.25 EPS for the current fiscal year.
In other Haynes International news, CEO Mark Comerford acquired 2,500 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was purchased at an average price of $26.25 per share, with a total value of $65,625.00. Following the acquisition, the chief executive officer now directly owns 48,865 shares of the company’s stock, valued at approximately $1,282,706.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jean C. Neel acquired 1,000 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was acquired at an average cost of $27.99 per share, with a total value of $27,990.00. Following the acquisition, the vice president now directly owns 9,532 shares in the company, valued at $266,800.68. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Haynes International stock. First Trust Advisors LP raised its position in shares of Haynes International Inc. (NASDAQ:HAYN) by 83.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,922 shares of the company’s stock after buying an additional 27,186 shares during the period. First Trust Advisors LP owned about 0.49% of Haynes International worth $2,199,000 as of its most recent filing with the SEC.
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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