Haynes International, Inc. (NASDAQ:HAYN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $59.43 and traded as high as $60.57. Haynes International shares last traded at $60.36, with a volume of 315,001 shares traded.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Haynes International in a research note on Saturday, October 12th. They set a "hold" rating on the stock.
Check Out Our Latest Report 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 $775.87 million, a PE ratio of 20.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. The firm has a 50-day simple moving average of $59.71 and a 200 day simple moving average of $59.44.
Haynes International (NASDAQ:HAYN - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.33). The firm had revenue of $153.92 million for the quarter, compared to analysts' expectations of $159.35 million. Haynes International had a net margin of 6.11% and a return on equity of 8.45%. As a group, equities analysts expect that Haynes International, Inc. will post 2.53 EPS for the current year.
Haynes International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, August 30th. Haynes International's dividend payout ratio is currently 30.24%.
Insider Transactions at Haynes International
In other news, CFO Daniel W. Maudlin sold 6,744 shares of Haynes International stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $59.66, for a total value of $402,347.04. Following the completion of the transaction, the chief financial officer now owns 30,287 shares of the company's stock, valued at $1,806,922.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Haynes International
Several large investors have recently modified their holdings of HAYN. Gabelli Funds LLC purchased a new position in Haynes International in the 1st quarter worth about $8,325,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Haynes International in the 1st quarter worth about $7,070,000. Nisa Investment Advisors LLC raised its position in Haynes International by 71,414.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company's stock worth $1,469,000 after buying an additional 24,995 shares during the last quarter. SG Americas Securities LLC raised its position in Haynes International by 1,035.8% in the 2nd quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company's stock worth $1,262,000 after buying an additional 19,608 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in Haynes International in the 2nd quarter worth about $526,000. Hedge funds and other institutional investors own 97.31% of the company's stock.
About Haynes International
(
Get Free Report)
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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