Haynes International, Inc. (NASDAQ:HAYN) was the target of a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 222,300 shares, a growth of 9.9% from the November 14th total of 202,200 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 76,100 shares, the short-interest ratio is currently 2.9 days.
NASDAQ HAYN opened at $37.61 on Friday. The stock has a market cap of $470.65 million, a P/E ratio of 48.22 and a beta of 1.70. The company’s 50-day simple moving average is $36.59 and its 200 day simple moving average is $33.10. Haynes International has a twelve month low of $24.46 and a twelve month high of $39.04. The company has a quick ratio of 1.88, a current ratio of 6.19 and a debt-to-equity ratio of 0.03.
Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, November 14th. The basic materials company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.08. The business had revenue of $129.60 million for the quarter, compared to analysts’ expectations of $129.35 million. Haynes International had a net margin of 1.99% and a return on equity of 3.03%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Research analysts anticipate that Haynes International will post 1.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.22 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.88 dividend on an annualized basis and a yield of 2.34%. Haynes International’s payout ratio is currently 112.82%.
In other news, VP Scott R. Pinkham sold 4,100 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $36.69, for a total transaction of $150,429.00. Following the completion of the transaction, the vice president now owns 19,724 shares of the company’s stock, valued at $723,673.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Marlin C. Losch III sold 3,700 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $37.34, for a total transaction of $138,158.00. Insiders have sold 10,300 shares of company stock valued at $382,387 in the last ninety days. 3.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in Haynes International by 958.9% during the third quarter. Millennium Management LLC now owns 97,685 shares of the basic materials company’s stock worth $3,501,000 after buying an additional 88,460 shares during the last quarter. Vanguard Group Inc. grew its stake in Haynes International by 7.7% during the second quarter. Vanguard Group Inc. now owns 1,201,493 shares of the basic materials company’s stock worth $38,219,000 after buying an additional 85,981 shares during the last quarter. Renaissance Technologies LLC grew its stake in Haynes International by 18.2% during the second quarter. Renaissance Technologies LLC now owns 248,200 shares of the basic materials company’s stock worth $7,895,000 after buying an additional 38,200 shares during the last quarter. Morgan Stanley grew its stake in Haynes International by 76.6% during the second quarter. Morgan Stanley now owns 55,487 shares of the basic materials company’s stock worth $1,764,000 after buying an additional 24,064 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in Haynes International by 212.1% during the second quarter. Susquehanna International Group LLP now owns 11,205 shares of the basic materials company’s stock worth $356,000 after buying an additional 21,205 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.
HAYN has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Haynes International from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Finally, BidaskClub raised shares of Haynes International from a “sell” rating to a “hold” rating in a research note on Monday, September 16th.
Haynes International Company Profile
Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.
Recommended Story: What is a Real Estate Investment Trust (REIT)?
Receive News & Ratings for Haynes International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International and related companies with MarketBeat.com's FREE daily email newsletter.