Haynes International Inc. (HAYN) Director Timothy J. Mccarthy Sells 368 Shares
Haynes International Inc. (NASDAQ:HAYN) Director Timothy J. Mccarthy sold 368 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $45.50, for a total transaction of $16,744.00. Following the sale, the director now directly owns 15,920 shares in the company, valued at approximately $724,360. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Haynes International Inc. (NASDAQ:HAYN) opened at 43.57 on Wednesday. The firm has a 50-day moving average of $36.68 and a 200-day moving average of $35.25. Haynes International Inc. has a 1-year low of $25.53 and a 1-year high of $45.92. The stock has a market cap of $538.96 million, a PE ratio of 108.92 and a beta of 1.53.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by $0.03. The firm had revenue of $107.50 million for the quarter. Haynes International had a return on equity of 0.60% and a net margin of 1.24%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Analysts expect that Haynes International Inc. will post $1.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, November 29th. Haynes International’s payout ratio is 220.00%.
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A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “strong sell” rating in a report on Tuesday. JPMorgan Chase & Co. lowered shares of Haynes International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $47.00 to $39.00 in a report on Wednesday, November 16th. Finally, Rosenblatt Securities lowered shares of Haynes International from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Monday, August 29th.
Several hedge funds have recently modified their holdings of HAYN. Royce & Associates LP raised its stake in shares of Haynes International by 6.7% in the second quarter. Royce & Associates LP now owns 1,004,116 shares of the company’s stock worth $32,212,000 after buying an additional 63,257 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Haynes International by 1.8% in the second quarter. Vanguard Group Inc. now owns 996,072 shares of the company’s stock worth $31,954,000 after buying an additional 17,835 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Haynes International by 8.1% in the third quarter. BlackRock Fund Advisors now owns 912,185 shares of the company’s stock worth $33,851,000 after buying an additional 67,976 shares in the last quarter. State Street Corp raised its stake in shares of Haynes International by 34.9% in the second quarter. State Street Corp now owns 786,457 shares of the company’s stock worth $25,229,000 after buying an additional 203,302 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Haynes International by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 649,355 shares of the company’s stock worth $20,831,000 after buying an additional 56,584 shares in the last quarter. 98.81% of the stock is owned by hedge funds and other institutional investors.
Haynes International Company Profile
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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