Teton Advisors Inc. continued to hold its position in shares of Haynes International, Inc. (NASDAQ:HAYN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the basic materials company’s stock at the end of the second quarter. Teton Advisors Inc. owned approximately 0.24% of Haynes International worth $1,089,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of HAYN. Municipal Employees Retirement System of Michigan raised its position in shares of Haynes International by 4.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,950 shares of the basic materials company’s stock worth $107,000 after buying an additional 130 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Haynes International by 7.1% in the first quarter. Mason Street Advisors LLC now owns 2,925 shares of the basic materials company’s stock worth $112,000 after buying an additional 195 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Haynes International during the second quarter worth about $140,000. Karp Capital Management Corp purchased a new position in shares of Haynes International during the first quarter worth about $229,000. Finally, Arizona State Retirement System raised its position in shares of Haynes International by 1.5% in the first quarter. Arizona State Retirement System now owns 6,565 shares of the basic materials company’s stock worth $250,000 after buying an additional 100 shares during the last quarter. 96.00% of the stock is owned by hedge funds and other institutional investors.
Shares of Haynes International, Inc. (HAYN) opened at 29.76 on Monday. Haynes International, Inc. has a 1-year low of $28.97 and a 1-year high of $48.37. The company’s market capitalization is $369.02 million. The stock’s 50 day moving average price is $32.61 and its 200 day moving average price is $36.84.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.02. Haynes International had a negative return on equity of 1.59% and a negative net margin of 0.84%. The company had revenue of $97.98 million during the quarter, compared to the consensus estimate of $97.54 million. During the same quarter last year, the firm earned $0.22 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that Haynes International, Inc. will post ($0.37) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, August 30th. Haynes International’s dividend payout ratio (DPR) is presently -314.29%.
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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 price target for the company in a research note on Monday, May 15th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $26.00 price target (down from $33.50) on shares of Haynes International in a research note on Saturday, July 22nd. Finally, Zacks Investment Research lowered Haynes International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Haynes International presently has a consensus rating of “Hold” and an average price target of $37.33.
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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