Haynes International (NASDAQ:HAYN) Share Price Crosses Above Two Hundred Day Moving Average of $43.15

Haynes International, Inc. (NASDAQ:HAYNGet Rating) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.15 and traded as high as $53.52. Haynes International shares last traded at $51.82, with a volume of 70,766 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HAYN. KeyCorp reduced their price target on shares of Haynes International from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th. StockNews.com started coverage on shares of Haynes International in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Haynes International Price Performance

The business’s 50-day simple moving average is $49.54 and its 200-day simple moving average is $43.15. The stock has a market cap of $648.84 million, a PE ratio of 14.47, a PEG ratio of 0.64 and a beta of 1.48. The company has a quick ratio of 1.32, a current ratio of 5.74 and a debt-to-equity ratio of 0.22.

Haynes International (NASDAQ:HAYNGet Rating) last released its quarterly earnings data on Thursday, November 17th. The basic materials company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.01. Haynes International had a net margin of 9.19% and a return on equity of 12.74%. The firm had revenue of $143.81 million for the quarter, compared to analysts’ expectations of $140.22 million. On average, research analysts expect that Haynes International, Inc. will post 4.24 EPS for the current fiscal year.

Haynes International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Monday, December 5th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 1.70%. Haynes International’s dividend payout ratio is presently 24.58%.

Insider Transactions at Haynes International

In other news, Director Donald C. Campion sold 2,480 shares of the company’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $48.25, for a total value of $119,660.00. Following the transaction, the director now owns 26,019 shares in the company, valued at $1,255,416.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Donald C. Campion sold 3,500 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $49.34, for a total transaction of $172,690.00. Following the transaction, the director now owns 28,499 shares in the company, valued at $1,406,140.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Donald C. Campion sold 2,480 shares of the stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $48.25, for a total transaction of $119,660.00. Following the transaction, the director now owns 26,019 shares in the company, valued at approximately $1,255,416.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,756 shares of company stock worth $1,585,959. Corporate insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC grew its stake in Haynes International by 16.5% during the second quarter. Mutual of America Capital Management LLC now owns 2,092 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 297 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Haynes International by 6.0% during the 1st quarter. MetLife Investment Management LLC now owns 5,871 shares of the basic materials company’s stock valued at $250,000 after buying an additional 334 shares in the last quarter. US Bancorp DE increased its position in Haynes International by 45.3% during the 2nd quarter. US Bancorp DE now owns 1,129 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 352 shares during the period. BNP Paribas Arbitrage SNC increased its position in Haynes International by 11.1% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,026 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 402 shares during the period. Finally, Captrust Financial Advisors increased its position in Haynes International by 77.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,083 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 474 shares during the period. 96.65% of the stock is currently owned by institutional investors.

About Haynes International

(Get Rating)

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 (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; waste incineration; and industrial heating equipment.

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