Dimensional Fund Advisors LP raised its stake in Haynes International, Inc. (NASDAQ:HAYN) by 6.4% in the third quarter, HoldingsChannel.com reports. The fund owned 1,010,059 shares of the basic materials company’s stock after buying an additional 60,322 shares during the quarter. Dimensional Fund Advisors LP owned 0.08% of Haynes International worth $36,271,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Haynes International in the second quarter valued at approximately $140,000. BNP Paribas Arbitrage SA boosted its stake in Haynes International by 50.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,098 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 1,370 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Haynes International by 59.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,690 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 1,740 shares during the period. GSA Capital Partners LLP acquired a new position in Haynes International in the second quarter valued at approximately $255,000. Finally, Thrivent Financial For Lutherans boosted its stake in Haynes International by 7.6% in the second quarter. Thrivent Financial For Lutherans now owns 7,540 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 530 shares during the period. Institutional investors own 98.56% of the company’s stock.
A number of equities analysts have commented on HAYN shares. BidaskClub upgraded Haynes International from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. KeyCorp restated a “hold” rating on shares of Haynes International in a research note on Thursday, November 16th. Finally, Zacks Investment Research raised Haynes International from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.50.
Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.06). The business had revenue of $100.80 million for the quarter, compared to the consensus estimate of $100.19 million. Haynes International had a negative net margin of 2.58% and a negative return on equity of 3.05%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. equities analysts anticipate that Haynes International, Inc. will post 0.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.49%. Haynes International’s dividend payout ratio (DPR) is presently -106.02%.
In other Haynes International news, Director Dawne S. Hickton purchased 2,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average price of $31.50 per share, with a total value of $63,000.00. Following the completion of the acquisition, the director now owns 5,300 shares in the company, valued at approximately $166,950. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.41% of the company’s stock.
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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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