Deprince Race & Zollo Inc. cut its stake in Haynes International Inc. (NASDAQ:HAYN) by 25.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,177 shares of the company’s stock after selling 174,031 shares during the period. Deprince Race & Zollo Inc.’s holdings in Haynes International were worth $16,142,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in HAYN. Goldman Sachs Group Inc. purchased a new position in Haynes International during the first quarter valued at about $1,610,000. Bank of Montreal Can purchased a new position in Haynes International during the second quarter valued at about $913,000. Foundry Partners LLC raised its position in Haynes International by 25.4% in the second quarter. Foundry Partners LLC now owns 96,630 shares of the company’s stock valued at $3,100,000 after buying an additional 19,555 shares in the last quarter. BlackRock Group LTD raised its position in Haynes International by 27.1% in the first quarter. BlackRock Group LTD now owns 75,051 shares of the company’s stock valued at $2,738,000 after buying an additional 16,018 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its position in Haynes International by 10.4% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 157,683 shares of the company’s stock valued at $5,058,000 after buying an additional 14,793 shares in the last quarter. 99.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of Haynes International Inc. (NASDAQ:HAYN) traded up 1.92% during midday trading on Wednesday, hitting $36.63. 64,418 shares of the stock were exchanged. The stock has a 50 day moving average price of $37.20 and a 200-day moving average price of $35.16. Haynes International Inc. has a 12 month low of $25.53 and a 12 month high of $43.07. The company has a market cap of $453.11 million, a PE ratio of 59.76 and a beta of 1.80.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. The business earned $101.30 million during the quarter, compared to the consensus estimate of $103.52 million. Haynes International had a net margin of 1.84% and a return on equity of 1.99%. The company’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. On average, analysts predict that Haynes International Inc. will post $0.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.22 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.40%. Haynes International’s dividend payout ratio (DPR) is 144.26%.
HAYN has been the topic of a number of research analyst reports. Rosenblatt Securities raised shares of Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, July 7th. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Haynes International in a report on Friday, August 5th.
About Haynes International
Haynes International, Inc produces nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land-based gas turbine, chemical processing and other industries.
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