Haynes International (NASDAQ:HAYN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Haynes International, Inc. (NASDAQ:HAYNGet Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.46 and traded as high as $60.39. Haynes International shares last traded at $59.85, with a volume of 87,861 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Haynes International in a research report on Saturday. They issued a “hold” rating on the stock.

View Our Latest Analysis on Haynes International

Haynes International Stock Performance

The stock has a 50-day moving average of $59.58 and a 200 day moving average of $59.46. The firm has a market capitalization of $765.06 million, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 0.66 and a beta of 1.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74.

Haynes International (NASDAQ:HAYNGet Free Report) last announced its earnings results 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 business had revenue of $153.92 million during the quarter, compared to analyst estimates of $159.35 million. Haynes International had a net margin of 6.11% and a return on equity of 8.45%. On average, research analysts anticipate that Haynes International, Inc. will post 2.55 earnings per share for the current year.

Haynes International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, August 30th. Haynes International’s dividend payout ratio is 29.73%.

Insider Buying and Selling

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of Haynes International stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $59.66, for a total transaction of $402,347.04. Following the completion of the sale, the chief financial officer now owns 30,287 shares of the company’s stock, valued at approximately $1,806,922.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is currently owned by insiders.

Institutional Trading of Haynes International

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Haynes International in the first quarter worth about $114,000. BNP Paribas Financial Markets raised its holdings in 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 buying an additional 2,504 shares during the period. Cornercap Investment Counsel Inc. bought a new position in Haynes International in the second quarter valued at approximately $526,000. Nisa Investment Advisors LLC boosted its holdings in shares of Haynes International by 71,414.3% in 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 buying an additional 24,995 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Haynes International by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock worth $1,915,000 after acquiring an additional 4,605 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Haynes International Company Profile

(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.

Read More

Receive News & Ratings for Haynes International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International and related companies with MarketBeat.com's FREE daily email newsletter.