Haynes International Inc. (HAYN) Trading 4.7% Higher
Haynes International Inc. (NASDAQ:HAYN) shares traded up 4.7% during mid-day trading on Monday . The company traded as high as $40.58 and last traded at $39.60, with a volume of 53,408 shares trading hands. The stock had previously closed at $37.83.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Haynes International from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Haynes International in a research report on Friday, August 5th. Finally, Rosenblatt Securities upgraded shares of Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Thursday, July 7th.
The firm has a 50-day moving average of $36.93 and a 200-day moving average of $33.96. The firm has a market cap of $492.57 million and a PE ratio of 64.96.
Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.17. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $103.52 million. The company’s revenue was down 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. Analysts forecast that Haynes International Inc. will post $0.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.21%.
In other Haynes International news, VP Jean C. Neel purchased 1,000 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was acquired at an average cost of $27.99 per share, for a total transaction of $27,990.00. Following the purchase, the vice president now directly owns 9,532 shares of the company’s stock, valued at approximately $266,800.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Comerford purchased 2,500 shares of the company’s stock in a transaction on Thursday, May 19th. The stock was acquired at an average price of $26.25 per share, with a total value of $65,625.00. Following the completion of the purchase, the chief executive officer now directly owns 48,865 shares in the company, 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. Argent Capital Management LLC raised its stake in Haynes International Inc. (NASDAQ:HAYN) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,275 shares of the company’s stock after buying an additional 175 shares during the period. Argent Capital Management LLC owned approximately 0.28% of Haynes International worth $1,258,000 at the end of the most recent quarter.
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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