Haynes International (NASDAQ:HAYN) Reaches New 52-Week High – Here’s What Happened

Haynes International, Inc. (NASDAQ:HAYN) shares reached a new 52-week high on Tuesday . The stock traded as high as $60.96 and last traded at $60.96, with a volume of 12318 shares. The stock had previously closed at $60.93.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Haynes International from a “hold” rating to a “sell” rating in a research report on Monday.

Haynes International Trading Up 0.0 %

The firm has a market cap of $779.76 million, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.39. The firm has a fifty day simple moving average of $59.92 and a 200-day simple moving average of $59.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89.

Haynes International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, August 30th. Haynes International’s dividend payout ratio (DPR) is 30.24%.

Insider Buying and Selling at Haynes International

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $59.66, for a total value of $402,347.04. Following the sale, the chief financial officer now directly owns 30,287 shares in the company, valued at $1,806,922.42. The trade was a 18.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.10% of the company’s stock.

Institutional Trading of Haynes International

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Haynes International during the first quarter valued at about $114,000. BNP Paribas Financial Markets increased its position in Haynes International by 8.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 220 shares during the period. Cornercap Investment Counsel Inc. bought a new position in Haynes International in the second quarter worth about $526,000. Anson Funds Management LP purchased a new stake in Haynes International in the third quarter worth about $1,445,000. Finally, Nisa Investment Advisors LLC boosted its position in Haynes International by 71,414.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after acquiring an additional 24,995 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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 used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.