Daniel W. Maudlin Sells 4,000 Shares of Haynes International, Inc. (NASDAQ:HAYN) Stock

Posted by Defense World Staff on Mar 5th, 2023

Haynes International, Inc. (NASDAQ:HAYN – Get Rating) CFO Daniel W. Maudlin sold 4,000 shares of the stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $58.10, for a total value of $232,400.00. Following the transaction, the chief financial officer now owns 25,724 shares of the company’s stock, valued at $1,494,564.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Haynes International Stock Up 0.8 %

Shares of HAYN opened at $58.73 on Friday. The company has a current ratio of 5.61, a quick ratio of 1.21 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $741.17 million, a P/E ratio of 15.37, a P/E/G ratio of 0.69 and a beta of 1.57. The firm has a fifty day moving average price of $52.78 and a 200-day moving average price of $47.34. Haynes International, Inc. has a 12-month low of $29.00 and a 12-month high of $58.91.

Haynes International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, February 28th. Haynes International’s dividend payout ratio is currently 23.04%.

Institutional Investors Weigh In On Haynes International

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

Analyst Upgrades and Downgrades

HAYN has been the subject of several research analyst reports. Noble Financial began coverage on shares of Haynes International in a report on Thursday, February 16th. They set an “outperform” rating and a $65.00 price target for the company. Loop Capital initiated coverage on shares of Haynes International in a research report on Thursday, February 16th. They issued an “outperform” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Haynes International has an average rating of “Moderate Buy” and an average target price of $60.33.

About Haynes International

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Haynes International, Inc engages in the design, manufacture, marketing and distribution of technologically advanced, high-performance alloys. Its products are sold primarily in aerospace, chemical processing, and industrial gas turbine industries. It operates through following geographical segments: United States, Europe, China, and Other.