Haynes International Inc. (HAYN) Trading 6.4% Higher
Shares of Haynes International Inc. (NASDAQ:HAYN) traded up 6.4% during trading on Tuesday . The company 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 analysts recently commented on the company. Zacks Investment Research lowered Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, April 22nd. Rosenblatt Securities raised Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Thursday, July 7th.
The company has a 50 day moving average price of $33.20 and a 200 day moving average price of $33.05. The firm has a market capitalization of $481.56 million and a P/E ratio of 42.32.
Haynes International (NASDAQ:HAYN) last released its earnings results on Thursday, May 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.14. During the same period in the previous year, the business posted $0.94 EPS. The company earned $102.50 million during the quarter, compared to analysts’ expectations of $105.53 million. The company’s revenue for the quarter was down 26.1% compared to the same quarter last year. On average, equities research analysts expect that Haynes International Inc. will post $0.25 EPS for the current fiscal year.
In related news, VP Jean C. Neel bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average cost of $27.99 per share, for a total transaction of $27,990.00. Following the completion of the acquisition, the vice president now owns 9,532 shares in the company, valued at approximately $266,800.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Comerford bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The stock was bought at an average price of $26.25 per share, with a total value of $65,625.00. Following the completion of the acquisition, the chief executive officer now owns 48,865 shares of the company’s stock, valued at approximately $1,282,706.25. The disclosure for this purchase can be found here.
Other hedge funds have made changes to their positions in the company. Gamco Investors INC. ET AL increased its stake in shares of Haynes International by 1.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 118,938 shares of the company’s stock worth $4,364,000 after buying an additional 1,500 shares during the period. First Trust Advisors LP increased its stake in shares of Haynes International by 83.0% in the fourth quarter. First Trust Advisors LP now owns 59,922 shares of the company’s stock worth $2,199,000 after buying an additional 27,186 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Haynes International by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 553,482 shares of the company’s stock worth $20,308,000 after buying an additional 51,926 shares during the period.
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.