Haynes International (NASDAQ:HAYN) Reaches New 12-Month High – Still a Buy?

Shares of Haynes International, Inc. (NASDAQ:HAYN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.86 and last traded at $60.71, with a volume of 174342 shares trading hands. The stock had previously closed at $60.60.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Haynes International in a report on Saturday, October 12th. They issued a “hold” rating for the company.

Haynes International Stock Up 0.2 %

The firm has a market capitalization of $775.75 million, a price-to-earnings ratio of 20.84, a P/E/G ratio of 0.74 and a beta of 1.39. The stock has a fifty day moving average of $59.77 and a two-hundred day moving average of $59.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89.

Haynes International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.45%. Haynes International’s dividend payout ratio (DPR) is currently 30.24%.

Insider Buying and Selling at Haynes International

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $59.66, for a total transaction of $402,347.04. Following the sale, the chief financial officer now owns 30,287 shares of the company’s stock, valued at approximately $1,806,922.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.10% of the company’s stock.

Institutional Trading of Haynes International

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Haynes International in the 1st quarter valued at approximately $114,000. BNP Paribas Financial Markets increased its holdings in shares of Haynes International by 8.6% during the third quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 220 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new position in shares of Haynes International during the second quarter valued at about $526,000. Nisa Investment Advisors LLC increased its holdings in Haynes International by 71,414.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after buying an additional 24,995 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Haynes International by 16.9% in the 1st quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock worth $1,915,000 after buying an additional 4,605 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.