Haynes International Inc. Plans Quarterly Dividend of $0.22 (hayn)
Haynes International Inc. (NASDAQ:hayn) declared a quarterly dividend on Friday, November 18th. Shareholders of record on Thursday, December 1st will be given a dividend of 0.22 per share on Thursday, December 15th. This represents a $0.88 annualized dividend and a yield of 2.18%. The ex-dividend date is Tuesday, November 29th.
Haynes International (NASDAQ:HAYN) opened at 40.43 on Monday. Haynes International has a 1-year low of $25.53 and a 1-year high of $43.22. The firm has a market cap of $500.12 million, a P/E ratio of 65.95 and a beta of 1.53. The firm has a 50-day moving average of $35.70 and a 200 day moving average of $34.81.
Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, November 17th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The business had revenue of $107.50 million for the quarter. Haynes International had a net margin of 1.24% and a return on equity of 0.60%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. On average, analysts predict that Haynes International will post $1.86 EPS for the current year.
Several research firms recently weighed in on HAYN. Zacks Investment Research upgraded shares of Haynes International from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. lowered shares of Haynes International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $47.00 to $39.00 in a report on Wednesday, November 16th. Finally, Rosenblatt Securities downgraded shares of Haynes International from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Monday, August 29th.
A number of large investors have recently added to or reduced their stakes in HAYN. State Street Corp increased its stake in Haynes International by 34.9% in the second quarter. State Street Corp now owns 786,457 shares of the company’s stock valued at $25,229,000 after buying an additional 203,302 shares during the period. BlackRock Fund Advisors increased its stake in Haynes International by 4.5% in the second quarter. BlackRock Fund Advisors now owns 844,209 shares of the company’s stock valued at $27,082,000 after buying an additional 36,031 shares during the period. Vanguard Group Inc. increased its stake in Haynes International by 1.8% in the second quarter. Vanguard Group Inc. now owns 996,072 shares of the company’s stock valued at $31,954,000 after buying an additional 17,835 shares during the period. Ameriprise Financial Inc. increased its stake in Haynes International by 21.9% in the third quarter. Ameriprise Financial Inc. now owns 75,222 shares of the company’s stock valued at $2,791,000 after buying an additional 13,495 shares during the period. Finally, Deere & Co. purchased a new stake in Haynes International during the second quarter valued at about $297,000. 98.26% of the stock is currently owned by hedge funds and other institutional investors.
Haynes International Company Profile
Haynes International, Inc produces nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land-based gas turbine, chemical processing and other industries.
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