Haynes International, Inc. (NASDAQ:HAYN – Get Rating)’s share price shot up 6.8% during mid-day trading on Friday after KeyCorp raised their price target on the stock from $41.00 to $55.00. KeyCorp currently has an overweight rating on the stock. Haynes International traded as high as $45.49 and last traded at $45.49. 292 shares were traded during mid-day trading, a decline of 100% from the average session volume of 63,897 shares. The stock had previously closed at $42.60.
HAYN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Haynes International from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research note on Thursday, December 23rd. StockNews.com began coverage on shares of Haynes International in a research note on Thursday. They set a “hold” rating on the stock.
Large investors have recently modified their holdings of the company. Acuitas Investments LLC boosted its stake in shares of Haynes International by 25.8% in the 3rd quarter. Acuitas Investments LLC now owns 91,994 shares of the basic materials company’s stock valued at $3,427,000 after purchasing an additional 18,855 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Haynes International in the 3rd quarter valued at $555,000. Strs Ohio acquired a new stake in shares of Haynes International in the 3rd quarter valued at $543,000. Parametric Portfolio Associates LLC boosted its stake in shares of Haynes International by 7.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 38,427 shares of the basic materials company’s stock valued at $1,360,000 after purchasing an additional 2,819 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Haynes International by 35.6% in the 3rd quarter. American Century Companies Inc. now owns 18,838 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 4,949 shares in the last quarter. Institutional investors own 97.47% of the company’s stock.
The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 5.45. The company’s 50 day moving average price is $39.11 and its 200 day moving average price is $39.73. The company has a market cap of $566.58 million, a price-to-earnings ratio of 137.42 and a beta of 1.35.
Haynes International (NASDAQ:HAYN – Get Rating) last released its quarterly earnings results on Thursday, January 27th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter. Haynes International had a return on equity of 1.26% and a net margin of 1.10%. The business had revenue of $99.43 million during the quarter. During the same period in the prior year, the firm earned ($0.65) earnings per share. As a group, analysts predict that Haynes International, Inc. will post 2.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were issued a $0.22 dividend. The ex-dividend date was Monday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.93%. Haynes International’s dividend payout ratio is 283.88%.
About Haynes International (NASDAQ:HAYN)
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.