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 business’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $45.50, for a total value of $16,744.00. Following the transaction, the director now owns 15,920 shares in the company, valued at $724,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Haynes International Inc. (NASDAQ:HAYN) traded down 0.32% during midday trading on Tuesday, reaching $43.57. The company’s stock had a trading volume of 66,996 shares. The firm has a market cap of $538.96 million, a P/E ratio of 108.92 and a beta of 1.53. The firm has a 50 day moving average price of $36.68 and a 200-day moving average price of $35.25. Haynes International Inc. has a 52 week low of $25.53 and a 52 week high of $45.92.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.03. Haynes International had a return on equity of 0.60% and a net margin of 1.24%. The business had revenue of $107.50 million for the quarter. During the same period last year, the company posted $0.46 EPS. Haynes International’s revenue was down 8.1% on a year-over-year basis. On average, analysts forecast that Haynes International Inc. will post $1.86 earnings per share for the current fiscal 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 dividend of $0.22 per share. 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 dividend payout ratio is 220.00%.
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Institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased 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 in the last quarter. BNP Paribas Arbitrage SA increased its position in Haynes International by 120.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,573 shares of the company’s stock worth $147,000 after buying an additional 2,499 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Haynes International during the third quarter worth approximately $204,000. Arizona State Retirement System increased its position in Haynes International by 1.6% in the second quarter. Arizona State Retirement System now owns 6,465 shares of the company’s stock worth $207,000 after buying an additional 100 shares in the last quarter. Finally, Morgan Stanley increased its position in Haynes International by 835.2% in the third quarter. Morgan Stanley now owns 5,611 shares of the company’s stock worth $208,000 after buying an additional 5,011 shares in the last quarter. Institutional investors own 98.81% of the company’s stock.
Several equities analysts recently issued reports on HAYN shares. Zacks Investment Research lowered Haynes International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. JPMorgan Chase & Co. lowered Haynes International from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $47.00 to $39.00 in a research note on Wednesday, November 16th. Finally, Rosenblatt Securities lowered 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.
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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