Haynes International (NASDAQ:HAYN) Sees Strong Trading Volume – What’s Next?

Haynes International, Inc. (NASDAQ:HAYN) shares saw unusually-strong trading volume on Friday . Approximately 127,952 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 156,601 shares.The stock last traded at $60.96 and had previously closed at $60.62.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Haynes International in a report on Saturday, October 12th. They set a “hold” rating for the company.

Haynes International Trading Up 0.5 %

The business’s 50 day simple moving average is $59.84 and its 200-day simple moving average is $59.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89. The stock has a market capitalization of $778.99 million, a P/E ratio of 20.94, a PEG ratio of 0.74 and a beta of 1.39.

Haynes International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. Haynes International’s dividend payout ratio is currently 30.24%.

Insider Buying and Selling

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $59.66, for a total transaction of $402,347.04. Following the transaction, the chief financial officer now owns 30,287 shares in the company, valued at approximately $1,806,922.42. This trade represents a 18.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is owned by insiders.

Institutional Trading of Haynes International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in Haynes International by 8.6% during the third 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. Rhumbline Advisers grew its holdings in shares of Haynes International by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock valued at $2,347,000 after buying an additional 1,245 shares during the period. SG Americas Securities LLC acquired a new position in shares of Haynes International in the 1st quarter valued at $114,000. Bank of New York Mellon Corp increased its position in shares of Haynes International by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock valued at $9,446,000 after buying an additional 4,153 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Haynes International by 16.9% during the 1st quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock worth $1,915,000 after buying an additional 4,605 shares during the period. 97.31% of the stock is owned by institutional investors.

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.