Teton Advisors Inc. reduced its stake in shares of Haynes International, Inc. (NASDAQ:HAYN) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,000 shares of the basic materials company’s stock after selling 2,000 shares during the period. Teton Advisors Inc. owned approximately 0.22% of Haynes International worth $1,002,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Ceredex Value Advisors LLC acquired a new position in Haynes International during the first quarter valued at $7,038,000. Tygh Capital Management Inc. acquired a new position in Haynes International during the first quarter valued at $4,809,000. Deprince Race & Zollo Inc. lifted its position in Haynes International by 131.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 207,330 shares of the basic materials company’s stock valued at $6,645,000 after purchasing an additional 117,609 shares during the period. Renaissance Technologies LLC acquired a new position in Haynes International during the fourth quarter valued at $2,876,000. Finally, Deutsche Bank AG lifted its position in Haynes International by 462.0% during the fourth quarter. Deutsche Bank AG now owns 89,506 shares of the basic materials company’s stock valued at $2,867,000 after purchasing an additional 73,580 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.
NASDAQ HAYN opened at $42.01 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.44 and a quick ratio of 1.72. Haynes International, Inc. has a 1 year low of $28.97 and a 1 year high of $45.14. The firm has a market cap of $518.96 million, a P/E ratio of -53.86 and a beta of 1.37.
Haynes International (NASDAQ:HAYN) last released its quarterly earnings data on Thursday, May 3rd. The basic materials company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.21). Haynes International had a negative return on equity of 4.00% and a negative net margin of 8.08%. The company had revenue of $110.21 million for the quarter, compared to analyst estimates of $106.71 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. equities analysts predict that Haynes International, Inc. will post 0.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.88 annualized dividend and a yield of 2.09%. Haynes International’s dividend payout ratio is currently -112.82%.
A number of research analysts recently issued reports on HAYN shares. BidaskClub upgraded shares of Haynes International from a “hold” rating to a “buy” rating in a research report on Sunday, February 11th. Zacks Investment Research downgraded shares of Haynes International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. ValuEngine upgraded shares of Haynes International from a “hold” rating to a “buy” rating in a research report on Friday, May 18th. Finally, JPMorgan Chase upgraded shares of Haynes International from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $35.00.
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, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
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