Royce & Associates LP boosted its stake in shares of Haynes International, Inc. (NASDAQ:HAYN) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,122,206 shares of the basic materials company’s stock after buying an additional 28,207 shares during the period. Royce & Associates LP owned about 8.97% of Haynes International worth $40,298,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Haynes International by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,010,059 shares of the basic materials company’s stock valued at $36,271,000 after buying an additional 60,322 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Haynes International by 27.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 81,733 shares of the basic materials company’s stock valued at $2,936,000 after buying an additional 17,403 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Haynes International by 1,968.2% in the 3rd quarter. Wells Fargo & Company MN now owns 191,428 shares of the basic materials company’s stock valued at $6,875,000 after buying an additional 182,172 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Haynes International by 80.0% in the 3rd quarter. Citadel Advisors LLC now owns 117,675 shares of the basic materials company’s stock valued at $4,225,000 after buying an additional 52,282 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Haynes International by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,710 shares of the basic materials company’s stock worth $731,000 after purchasing an additional 2,646 shares during the last quarter. Hedge funds and other institutional investors own 98.56% of the company’s stock.
Several equities research analysts recently weighed in on HAYN shares. KeyCorp restated a “hold” rating on shares of Haynes International in a report on Thursday, November 16th. Zacks Investment Research upgraded Haynes International from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, ValuEngine lowered Haynes International from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.50.
Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, November 16th. The basic materials company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.06). The firm had revenue of $100.80 million during the quarter, compared to analyst estimates of $100.19 million. Haynes International had a negative net margin of 2.58% and a negative return on equity of 3.05%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. equities analysts anticipate that Haynes International, Inc. will post 0.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.80%. Haynes International’s payout ratio is -106.02%.
About Haynes International
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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