Shares of Haynes International, Inc. (NASDAQ:HAYN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.43 and traded as high as $60.36. Haynes International shares last traded at $60.17, with a volume of 143,860 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Haynes International in a research report on Saturday, October 12th. They set a "hold" rating on the stock.
Get Our Latest Stock Analysis on Haynes International
Haynes International Price Performance
The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89. The firm has a market cap of $770.30 million, a P/E ratio of 20.44, a PEG ratio of 0.66 and a beta of 1.39. The stock's 50-day simple moving average is $59.64 and its two-hundred day simple moving average is $59.44.
Haynes International (NASDAQ:HAYN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.33). The firm had revenue of $153.92 million for the quarter, compared to the consensus estimate of $159.35 million. Haynes International had a net margin of 6.11% and a return on equity of 8.45%. Equities research analysts forecast that Haynes International, Inc. will post 2.55 earnings per share for the current fiscal year.
Haynes International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, August 30th. Haynes International's payout ratio is presently 29.73%.
Insider Transactions at Haynes International
In related news, CFO Daniel W. Maudlin sold 6,744 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $59.66, for a total value of $402,347.04. Following the completion of the sale, the chief financial officer now directly owns 30,287 shares of the company's stock, valued at $1,806,922.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.10% of the company's stock.
Institutional Trading of Haynes International
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Haynes International in the first quarter worth about $114,000. BNP Paribas Financial Markets raised its stake in shares of Haynes International by 67.1% during the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company's stock worth $375,000 after acquiring an additional 2,504 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new position in shares of Haynes International during the 2nd quarter worth approximately $526,000. Nisa Investment Advisors LLC lifted its position in Haynes International by 71,414.3% during the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company's stock valued at $1,469,000 after acquiring an additional 24,995 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Haynes International by 16.9% in the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company's stock valued at $1,915,000 after acquiring an additional 4,605 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.
Haynes International Company Profile
(
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Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.
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