Haynes International VP Gregory M. Spalding Unloads 2,101 Shares (HAYN)
Haynes International (NASDAQ:HAYN) VP Gregory M. Spalding sold 2,101 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $55.23, for a total value of $116,038.23. Following the completion of the sale, the vice president now directly owns 4,300 shares of the company’s stock, valued at approximately $237,489. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
HAYN has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Haynes International from $59.00 to $66.00 in a research note on Monday, May 12th. They now have an “overweight” rating on the stock. Analysts at Zacks upgraded shares of Haynes International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $52.50 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Haynes International currently has a consensus rating of “Hold” and an average target price of $56.30.
Shares of Haynes International (NASDAQ:HAYN) traded down 2.78% on Thursday, hitting $53.57. 22,312 shares of the company’s stock traded hands. Haynes International has a 52-week low of $43.36 and a 52-week high of $59.36. The stock’s 50-day moving average is $54.19 and its 200-day moving average is $52.61. The company has a market cap of $659.2 million and a price-to-earnings ratio of 151.79.
Haynes International (NASDAQ:HAYN) last released its earnings data on Thursday, May 8th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.04. The company had revenue of $115.35 million for the quarter, compared to the consensus estimate of $105.48 million. During the same quarter last year, the company posted $0.52 earnings per share. Haynes International’s revenue was down 10.7% compared to the same quarter last year. Analysts expect that Haynes International will post $0.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, May 29th.
Haynes International, Inc (NASDAQ:HAYN) is the producers of nickel- and cobalt-based alloys in sheet, coil and plate forms.
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