Haynes International, Inc. (NASDAQ:HAYN) Director Sells 3,500 Shares

Haynes International, Inc. (NASDAQ:HAYNGet Rating) Director Donald C. Campion sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $49.34, for a total value of $172,690.00. Following the transaction, the director now directly owns 28,499 shares in the company, valued at approximately $1,406,140.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Haynes International Trading Down 1.3 %

Shares of Haynes International stock traded down $0.65 during trading on Thursday, reaching $49.39. 59,029 shares of the company were exchanged, compared to its average volume of 89,938. Haynes International, Inc. has a twelve month low of $29.00 and a twelve month high of $57.33. The business has a 50-day moving average price of $44.08 and a 200-day moving average price of $39.59. The company has a quick ratio of 1.32, a current ratio of 5.74 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $618.36 million, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.59 and a beta of 1.48.

Haynes International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, December 2nd. Haynes International’s payout ratio is presently 24.58%.

Hedge Funds Weigh In On Haynes International

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SNC increased its position in shares of Haynes International by 11.1% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,026 shares of the basic materials company’s stock valued at $141,000 after buying an additional 402 shares in the last quarter. Bank of New York Mellon Corp grew 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 valued at $6,019,000 after acquiring an additional 3,902 shares during the period. Tudor Investment Corp Et Al increased its holdings in shares of Haynes International by 112.7% in the third quarter. Tudor Investment Corp Et Al now owns 17,397 shares of the basic materials company’s stock worth $611,000 after acquiring an additional 9,216 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Haynes International by 18.5% during the third quarter. Mutual of America Capital Management LLC now owns 2,480 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 388 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Haynes International during the third quarter worth about $376,000. 97.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

HAYN has been the topic of several recent research reports. KeyCorp decreased their price target on Haynes International from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, October 18th. StockNews.com started coverage on shares of Haynes International in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Haynes International Company Profile

(Get Rating)

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.

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