Haynes International Inc. (HAYN) Stock Price Down 3.3%
Shares of Haynes International Inc. (NASDAQ:HAYN) traded down 3.3% 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 weighed in on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Haynes International in a report on Friday, August 5th. Zacks Investment Research upgraded Haynes International from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Finally, Rosenblatt Securities upgraded shares of Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Thursday, July 7th.
The company has a 50-day moving average price of $37.69 and a 200 day moving average price of $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 issued its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. During the same period last year, the business earned $0.62 earnings per share. The company earned $101.30 million during the quarter, compared to analyst estimates of $103.52 million. The firm’s revenue was down 16.5% compared to the same quarter last year. Analysts predict that Haynes International Inc. will post $0.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, August 30th.
In other Haynes International news, VP Jean C. Neel purchased 1,000 shares of the stock in a transaction dated 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 acquisition, the vice president now owns 9,532 shares in the company, valued at approximately $266,800.68. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
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.