Shares of Haynes International Inc. (NASDAQ:HAYN) traded down 3.3% during mid-day trading on Friday . The stock traded as low as $38.10 and last traded at $38.60, with a volume of 98,108 shares trading hands. The stock had previously closed at $39.90.

Several analysts recently issued reports on the company. Zacks Investment Research raised Haynes International from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Haynes International in a research note on Friday, August 5th. Finally, Rosenblatt Securities raised Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Thursday, July 7th.

The firm’s 50-day moving average is $37.69 and its 200-day moving average is $34.10. The stock has a market capitalization of $477.48 million and a price-to-earnings ratio of 62.97.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. The firm had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $103.52 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s revenue for the quarter was down 16.5% compared to the same quarter last year. On average, equities analysts expect that Haynes International Inc. will post $0.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.88 annualized dividend and a yield of 2.28%.

In other news, VP Jean C. Neel purchased 1,000 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were acquired at an average price of $27.99 per share, for a total transaction of $27,990.00. Following the purchase, the vice president now owns 9,532 shares in the company, valued at $266,800.68. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

An institutional investor recently raised its position in Haynes International stock. Argent Capital Management LLC boosted its stake in shares of Haynes International Inc. (NASDAQ:HAYN) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,275 shares of the company’s stock after buying an additional 175 shares during the period. Argent Capital Management LLC owned about 0.28% of Haynes International worth $1,258,000 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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