Haynes International, Inc. (NASDAQ:HAYN) CFO Daniel W. Maudlin Sells 6,744 Shares

Haynes International, Inc. (NASDAQ:HAYN) 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 value of $402,347.04. Following the completion of the sale, the chief financial officer now owns 30,287 shares in the company, valued at $1,806,922.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Haynes International Trading Down 0.0 %

Shares of HAYN traded down $0.02 on Monday, hitting $59.63. 89,949 shares of the stock traded hands, compared to its average volume of 158,273. Haynes International, Inc. has a 1 year low of $41.15 and a 1 year high of $60.86. The stock’s 50 day moving average is $59.57 and its two-hundred day moving average is $59.51. The firm has a market capitalization of $762.07 million, a P/E ratio of 20.15, a P/E/G ratio of 1.12 and a beta of 1.40. The company has a quick ratio of 1.89, a current ratio of 7.74 and a debt-to-equity ratio of 0.22.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). Haynes International had a return on equity of 8.45% and a net margin of 6.11%. The business had revenue of $153.92 million for the quarter, compared to analysts’ expectations of $159.35 million. As a group, sell-side analysts predict that Haynes International, Inc. will post 2.55 earnings per share for the current year.

Haynes International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, August 30th. Haynes International’s payout ratio is 29.73%.

Institutional Trading of Haynes International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAYN. SG Americas Securities LLC increased its holdings in shares of Haynes International by 1,035.8% during the 2nd quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock worth $1,262,000 after buying an additional 19,608 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Haynes International during the first quarter valued at about $8,325,000. Nisa Investment Advisors LLC increased its stake in Haynes International by 71,414.3% during the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after acquiring an additional 24,995 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Haynes International by 352.9% in the 4th quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after purchasing an additional 21,225 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Haynes International by 67.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 2,504 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Haynes International in a research note on Monday, September 2nd. They issued a “hold” rating for the company.

About Haynes International

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.