Haynes International (NASDAQ:HAYN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYN – Get Rating) in a report published on Thursday. The firm issued a hold rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on HAYN. Loop Capital initiated coverage on Haynes International in a research note on Thursday, February 16th. They issued an outperform rating and a $65.00 price target for the company. 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 objective for the company. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $60.33.

Haynes International Price Performance

HAYN stock traded down $1.81 during trading on Thursday, reaching $46.10. The company’s stock had a trading volume of 230,768 shares, compared to its average volume of 95,546. Haynes International has a 1 year low of $29.00 and a 1 year high of $60.85. The company has a quick ratio of 1.21, a current ratio of 5.61 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $581.78 million, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.57 and a beta of 1.57. The company’s fifty day moving average is $53.78 and its 200-day moving average is $47.91.

Haynes International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Tuesday, February 28th. Haynes International’s dividend payout ratio (DPR) is presently 23.04%.

Insider Buying and Selling at Haynes International

In other Haynes International news, VP Marlin C. Losch III sold 18,922 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $53.42, for a total transaction of $1,010,813.24. Following the completion of the transaction, the vice president now owns 26,843 shares of the company’s stock, valued at approximately $1,433,953.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Marlin C. Losch III sold 18,922 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $53.42, for a total value of $1,010,813.24. Following the completion of the transaction, the vice president now owns 26,843 shares of the company’s stock, valued at approximately $1,433,953.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bibber David Sean Van sold 2,250 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $54.00, for a total transaction of $121,500.00. Following the completion of the transaction, the insider now directly owns 12,989 shares of the company’s stock, valued at approximately $701,406. The disclosure for this sale can be found here. Insiders sold 42,522 shares of company stock valued at $2,332,995 in the last 90 days. Insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Edenbrook Capital LLC lifted its holdings in shares of Haynes International by 2.8% in the 1st quarter. Edenbrook Capital LLC now owns 1,041,492 shares of the basic materials company’s stock valued at $44,368,000 after acquiring an additional 28,700 shares during the last quarter. Vanguard Group Inc. lifted its stake in Haynes International by 0.5% in the first quarter. Vanguard Group Inc. now owns 717,900 shares of the basic materials company’s stock worth $30,583,000 after purchasing an additional 3,903 shares during the last quarter. State Street Corp lifted its stake in Haynes International by 23.3% in the first quarter. State Street Corp now owns 602,492 shares of the basic materials company’s stock worth $25,666,000 after purchasing an additional 113,889 shares during the last quarter. Geode Capital Management LLC lifted its stake in Haynes International by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 233,927 shares of the basic materials company’s stock worth $10,688,000 after purchasing an additional 6,049 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Haynes International by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 171,391 shares of the basic materials company’s stock worth $6,019,000 after purchasing an additional 3,902 shares during the last quarter. Institutional investors own 96.65% of the company’s stock.

Haynes International Company Profile

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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.