Shares of Haynes International, Inc. (NASDAQ:HAYN – Get Free Report) fell 2.5% during mid-day trading on Monday . The stock traded as low as $50.00 and last traded at $50.00. 1,694 shares were traded during trading, a decline of 97% from the average session volume of 57,606 shares. The stock had previously closed at $51.27.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Haynes International in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.
Haynes International Price Performance
Haynes International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, November 30th. Haynes International’s dividend payout ratio is presently 24.79%.
Institutional Investors Weigh In On Haynes International
A number of institutional investors and hedge funds have recently modified their holdings of HAYN. Edenbrook Capital LLC increased its stake in Haynes International by 2.8% in the 1st quarter. Edenbrook Capital LLC now owns 1,041,492 shares of the basic materials company’s stock worth $44,368,000 after purchasing an additional 28,700 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Haynes International by 0.5% during the first quarter. Vanguard Group Inc. now owns 717,900 shares of the basic materials company’s stock valued at $30,583,000 after acquiring an additional 3,903 shares during the period. State Street Corp raised its holdings in shares of Haynes International by 23.3% during the first quarter. State Street Corp now owns 602,492 shares of the basic materials company’s stock valued at $25,666,000 after acquiring an additional 113,889 shares during the period. Geode Capital Management LLC lifted its position in shares of Haynes International by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 259,111 shares of the basic materials company’s stock valued at $13,168,000 after acquiring an additional 12,993 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Haynes International by 2.3% in the 3rd 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 period. 97.11% of the stock is owned by institutional investors and hedge funds.
Haynes International Company Profile
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 (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation; waste incineration; and industrial heating equipment.
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