Haynes International, Inc. (NASDAQ:HAYN) VP Venkat Ishwar Sells 24,893 Shares

Haynes International, Inc. (NASDAQ:HAYNGet Rating) VP Venkat Ishwar sold 24,893 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $50.19, for a total transaction of $1,249,379.67. Following the sale, the vice president now directly owns 17,842 shares in the company, valued at $895,489.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Haynes International Trading Down 1.3 %

NASDAQ HAYN opened at $49.39 on Friday. The company has a 50-day moving average of $44.29 and a 200-day moving average of $39.66. The company has a market cap of $618.36 million, a P/E ratio of 13.80, a P/E/G ratio of 0.59 and a beta of 1.48. Haynes International, Inc. has a 12 month low of $29.00 and a 12 month high of $57.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.74 and a quick ratio of 1.32.

Haynes International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, December 2nd. Haynes International’s dividend payout ratio (DPR) is 24.58%.

Institutional Trading of Haynes International

Several large investors have recently bought and sold shares of HAYN. Edenbrook Capital LLC boosted its stake in shares of Haynes International by 2.8% during the 1st quarter. Edenbrook Capital LLC now owns 1,041,492 shares of the basic materials company’s stock valued at $44,368,000 after buying an additional 28,700 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Haynes International by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 717,900 shares of the basic materials company’s stock valued at $30,583,000 after buying an additional 3,903 shares during the last quarter. State Street Corp lifted its stake in Haynes International by 23.3% during the first quarter. State Street Corp now owns 602,492 shares of the basic materials company’s stock worth $25,666,000 after purchasing an additional 113,889 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Haynes International by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 171,391 shares of the basic materials company’s stock worth $6,019,000 after purchasing an additional 3,902 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Haynes International by 12.7% during the first quarter. Acadian Asset Management LLC now owns 168,127 shares of the basic materials company’s stock worth $7,160,000 after purchasing an additional 18,948 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HAYN shares. StockNews.com started coverage on shares of Haynes International in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. KeyCorp dropped their price objective on shares of Haynes International from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 18th.

About Haynes International

(Get Rating)

Haynes International, Inc engages in the design, manufacture, marketing and distribution of technologically advanced, high-performance alloys. Its products are sold primarily in aerospace, chemical processing, and industrial gas turbine industries. It operates through following geographical segments: United States, Europe, China, and Other.

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