Haynes International, Inc. (NASDAQ:HAYN) insider Michael L. Shor purchased 2,000 shares of Haynes International stock in a transaction dated Thursday, December 6th. The stock was bought at an average cost of $33.22 per share, for a total transaction of $66,440.00. Following the completion of the purchase, the insider now directly owns 28,255 shares in the company, valued at approximately $938,631.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of HAYN stock traded down $2.31 during trading on Friday, reaching $29.60. The company’s stock had a trading volume of 82,620 shares, compared to its average volume of 87,570. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 5.89. The stock has a market capitalization of $399.02 million, a P/E ratio of -422.86 and a beta of 1.50. Haynes International, Inc. has a 1-year low of $28.08 and a 1-year high of $45.14.
Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data on Friday, November 16th. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $122.31 million during the quarter, compared to analysts’ expectations of $118.31 million. Haynes International had a negative net margin of 5.00% and a negative return on equity of 0.40%. On average, research analysts forecast that Haynes International, Inc. will post 1.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, November 30th. Haynes International’s dividend payout ratio (DPR) is currently -1,257.14%.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Haynes International by 5.5% in the third quarter. BlackRock Inc. now owns 1,827,333 shares of the basic materials company’s stock valued at $64,869,000 after purchasing an additional 94,812 shares in the last quarter. Vanguard Group Inc. grew its holdings in Haynes International by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,276,687 shares of the basic materials company’s stock worth $45,323,000 after acquiring an additional 36,334 shares in the last quarter. Royce & Associates LP grew its holdings in Haynes International by 1.6% during the 3rd quarter. Royce & Associates LP now owns 1,234,916 shares of the basic materials company’s stock worth $43,840,000 after acquiring an additional 19,600 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Haynes International by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,052,529 shares of the basic materials company’s stock worth $37,365,000 after acquiring an additional 8,396 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Haynes International by 17.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 584,451 shares of the basic materials company’s stock worth $20,747,000 after acquiring an additional 88,015 shares in the last quarter.
HAYN has been the topic of a number of research analyst reports. KeyCorp reissued a “hold” rating on shares of Haynes International in a research note on Friday, November 16th. Zacks Investment Research raised shares of Haynes International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 6th. ValuEngine cut shares of Haynes International from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, BidaskClub upgraded shares of Haynes International from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $44.00.
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About Haynes International
Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
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