NJ State Employees Deferred Compensation Plan held its stake in Haynes International, Inc. (NASDAQ:HAYN) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,000 shares of the basic materials company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan owned 0.08% of Haynes International worth $363,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of HAYN. AQR Capital Management LLC increased its stake in Haynes International by 109.2% in the fourth quarter. AQR Capital Management LLC now owns 24,932 shares of the basic materials company’s stock worth $1,072,000 after buying an additional 13,013 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Haynes International by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,770 shares of the basic materials company’s stock worth $291,000 after buying an additional 410 shares in the last quarter. Norges Bank purchased a new stake in Haynes International during the fourth quarter worth $14,499,000. Teachers Advisors LLC increased its stake in Haynes International by 17.1% in the fourth quarter. Teachers Advisors LLC now owns 21,640 shares of the basic materials company’s stock worth $930,000 after buying an additional 3,165 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Haynes International during the fourth quarter worth $321,000. 96.00% of the stock is owned by institutional investors.
Shares of Haynes International, Inc. (NASDAQ:HAYN) traded up 0.54% on Friday, reaching $29.76. The company’s stock had a trading volume of 85,136 shares. The stock’s market cap is $369.02 million. Haynes International, Inc. has a 12 month low of $28.97 and a 12 month high of $48.37. The firm’s 50-day moving average price is $32.61 and its 200-day moving average price is $36.84.
Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by $0.02. Haynes International had a negative net margin of 0.84% and a negative return on equity of 1.59%. The firm had revenue of $97.98 million for the quarter, compared to the consensus estimate of $97.54 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts forecast that Haynes International, Inc. will post ($0.37) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.96%. Haynes International’s dividend payout ratio is presently -314.29%.
HAYN has been the subject of a number of research reports. Longbow Research raised Haynes International from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a report on Monday, May 15th. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $26.00 price target (down previously from $33.50) on shares of Haynes International in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.33.
Haynes International Company Profile
Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.
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