Haynes International (NASDAQ:HAYN) Sees Strong Trading Volume

Shares of Haynes International, Inc. (NASDAQ:HAYN) saw unusually-strong trading volume on Tuesday . Approximately 238,871 shares traded hands during mid-day trading, an increase of 22% from the previous session’s volume of 195,168 shares.The stock last traded at $60.14 and had previously closed at $60.09.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Northcoast Research restated a “neutral” rating on shares of Haynes International in a research report on Thursday, March 14th. StockNews.com started coverage on Haynes International in a research note on Tuesday. They set a “hold” rating on the stock. Finally, Noble Financial lowered Haynes International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 6th.

Haynes International Stock Performance

The firm has a market cap of $768.59 million, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.43. The company has a current ratio of 7.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $58.42 and its 200-day simple moving average is $52.29.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.10). The business had revenue of $147.36 million during the quarter, compared to the consensus estimate of $151.94 million. Haynes International had a return on equity of 9.89% and a net margin of 6.94%. During the same quarter in the prior year, the business posted $0.61 earnings per share. As a group, sell-side analysts expect that Haynes International, Inc. will post 4 earnings per share for the current year.

Haynes International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Thursday, February 29th. Haynes International’s payout ratio is 26.99%.

Institutional Trading of Haynes International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in Haynes International by 188.8% during the first quarter. US Bancorp DE now owns 777 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 508 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Haynes International by 77.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,083 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 474 shares in the last quarter. Covestor Ltd boosted its holdings in Haynes International by 484.2% in the third quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 1,317 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in Haynes International by 11.1% in the third quarter. BNP Paribas Arbitrage SNC now owns 4,026 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 402 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Haynes International by 6.0% in the 1st quarter. MetLife Investment Management LLC now owns 5,871 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 334 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Haynes International Company Profile

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.