Haynes International Inc. (NASDAQ:HAYN) traded down 7.2% on Tuesday . The stock traded as low as $36.45 and last traded at $36.54, with a volume of 55,205 shares. The stock had previously closed at $39.37.

HAYN has been the subject of a number of research reports. Rosenblatt Securities cut shares of Haynes International from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Monday. Zacks Investment Research raised shares of Haynes International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Haynes International in a research note on Friday, August 5th.

The firm has a market capitalization of $455.09 million and a PE ratio of 60.02. The firm has a 50-day moving average of $38.50 and a 200-day moving average of $34.60.

Haynes International (NASDAQ:HAYN) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.17. The business had revenue of $101.30 million for the quarter, compared to the consensus estimate of $103.52 million. The firm’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Analysts expect that Haynes International Inc. will post $0.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given 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 dividend yield of 2.39%.

An institutional investor recently raised its position in Haynes International stock. Schwab Charles Investment Management Inc. raised its stake in Haynes International Inc. (NASDAQ:HAYN) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,613 shares of the company’s stock after buying an additional 1,283 shares during the period. Schwab Charles Investment Management Inc. owned 0.33% of Haynes International worth $1,491,000 at the end of the most recent reporting 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.

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