Insider Selling: Haynes International Inc. (HAYN) Director Sells 368 Shares of Stock
Haynes International Inc. (NASDAQ:HAYN) Director Timothy J. Mccarthy sold 368 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $45.50, for a total value of $16,744.00. Following the completion of the sale, the director now directly owns 15,920 shares in the company, valued at approximately $724,360. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Haynes International Inc. (NASDAQ:HAYN) traded down 0.32% during mid-day trading on Tuesday, reaching $43.57. The company had a trading volume of 66,996 shares. The stock has a market capitalization of $538.96 million, a price-to-earnings ratio of 108.92 and a beta of 1.53. Haynes International Inc. has a 52-week low of $25.53 and a 52-week high of $45.92. The company’s 50 day moving average is $36.68 and its 200 day moving average is $35.25.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.03. The business earned $107.50 million during the quarter. Haynes International had a return on equity of 0.60% and a net margin of 1.24%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Equities analysts predict that Haynes International Inc. will post $1.86 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.22 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. Haynes International’s payout ratio is presently 220.00%.
Several institutional investors have recently bought and sold shares of HAYN. Municipal Employees Retirement System of Michigan raised its position in Haynes International by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,770 shares of the company’s stock worth $103,000 after buying an additional 50 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Haynes International by 120.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,573 shares of the company’s stock valued at $147,000 after buying an additional 2,499 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Haynes International during the third quarter valued at about $204,000. Arizona State Retirement System raised its position in shares of Haynes International by 1.6% in the second quarter. Arizona State Retirement System now owns 6,465 shares of the company’s stock valued at $207,000 after buying an additional 100 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Haynes International by 835.2% in the third quarter. Morgan Stanley now owns 5,611 shares of the company’s stock valued at $208,000 after buying an additional 5,011 shares in the last quarter. Institutional investors and hedge funds own 98.81% of the company’s stock.
Several analysts recently issued reports on HAYN shares. JPMorgan Chase & Co. downgraded Haynes International from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $47.00 to $39.00 in a report on Wednesday, November 16th. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 5th. Finally, Rosenblatt Securities downgraded Haynes International from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a report on Monday, August 29th.
About Haynes International
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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