Notable Insider Reporting: Reasons for William Wall’s Shares Sale of Haynes International, Inc. (NASDAQ:HAYN)’s Stock

November 23, 2016 - By olga

Notable Insider Reporting: Reasons for William Wall's Shares Sale of Haynes International, Inc. (NASDAQ:HAYN)'s Stock

William Wall Insider Sell

Haynes International Inc’s director William Wall unloaded 2,000 shares of the stock exchange listed company in a stock market sale dated 23-11-2016. The shares were unloaded at an average market price per share of $44.3, for a cumulative transaction value of $88,600. A report ready for you here reveals this insider activity, that was made on 23-11-2016 and was filed with the DC-based SEC. William Wall now possess 13,906 shares of the Firm.

Haynes International, Inc. (NASDAQ:HAYN) Ratings Coverage

Out of 3 analysts covering Haynes International (NASDAQ:HAYN), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $49 is the highest target while $46 is the lowest. The $47 average target is 3.34% above today’s ($45.48) stock price. Haynes International has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was initiated by Singular Research on Tuesday, September 29 with “Buy”. The firm has “Neutral” rating given on Wednesday, November 16 by JP Morgan. The rating was downgraded by Rosenblatt to “Neutral” on Monday, August 29. The stock has “Hold” rating given by Zacks on Friday, August 14. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Hold”.

Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.20, from 1.34 in 2016Q1. The ratio worsened, as 12 funds sold all Haynes International, Inc. shares owned while 26 reduced positions. 9 funds bought stakes while 42 increased positions. They now own 12.61 million shares or 0.12% more from 12.59 million shares in 2016Q1.

Springbok Capital Mgmt Limited Com last reported 0.01% of its portfolio in the stock. Employees Retirement Sys Of Texas accumulated 0.01% or 32,000 shares. Blackrock Investment Mngmt Lc owns 79,608 shares or 0% of their US portfolio. Tower Ltd Limited Liability Company (Trc) last reported 1,594 shares in the company. Td Asset has invested 0% of its portfolio in Haynes International, Inc. (NASDAQ:HAYN). Blackrock Fund Advsr last reported 0.01% of its portfolio in the stock. Foundry Ltd Co has invested 0.18% of its portfolio in Haynes International, Inc. (NASDAQ:HAYN). First Advsr L P holds 0% or 7,033 shares in its portfolio. Dimensional Fund Advsr Limited Partnership holds 649,355 shares or 0.01% of its portfolio. Citigroup Incorporated, a New York-based fund reported 16,116 shares. The Michigan-based Comerica Bank & Trust has invested 0.01% in Haynes International, Inc. (NASDAQ:HAYN). Ls Advisors Ltd Co has 0% invested in the company for 422 shares. State Street owns 786,457 shares or 0% of their US portfolio. The Wisconsin-based Heartland Advsr has invested 0.51% in Haynes International, Inc. (NASDAQ:HAYN). Deutsche National Bank Ag, a Germany-based fund reported 19,541 shares.

Insider Transactions: Since May 31, 2016, the stock had 1 buying transaction, and 0 selling transactions for $4,124 net activity. Gunst Janice also bought $4,124 worth of Haynes International, Inc. (NASDAQ:HAYN) shares.

The stock increased 2.11% or $0.94 during the last trading session, hitting $45.48. About 74,137 shares traded hands. Haynes International, Inc. (NASDAQ:HAYN) has risen 15.39% since April 21, 2016 and is uptrending. It has outperformed by 10.06% the S&P500.

Haynes International, Inc. produces nickel- and cobalt alloys in flat product forms, such as sheet, coil and plate forms. The company has a market cap of $619.26 million. The Firm operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land gas turbine, chemical processing and other industries. It has a 112.12 P/E ratio. The Company’s products consist of high temperature resistant alloy products and corrosion resistant alloy (CRA) products.

According to Zacks Investment Research, “Haynes International, Inc. is a technology-oriented company devoted primarily to the development and manufacture of high-performance nickel- and cobalt-based alloys for service in severe corrosion and high-temperature applications. Superior customer service and technical support are provided worldwide by well-trained professionals within the company. Haynes’ service centers and affiliates have available in-stock sheet, plate, bar, wire, tubing, forging stock, fittings, and flanges.”

Analysts await Haynes International, Inc. (NASDAQ:HAYN) to report earnings on February, 2. They expect $0.31 EPS, up 1,450.00% or $0.29 from last year’s $0.02 per share. HAYN’s profit will be $4.22M for 36.68 P/E if the $0.31 EPS becomes a reality. After $0.08 actual EPS reported by Haynes International, Inc. for the previous quarter, Wall Street now forecasts 287.50% EPS growth.

More important recent Haynes International, Inc. (NASDAQ:HAYN) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on December 21, 2009, also Quotes.Wsj.com published article titled: “News Haynes International Inc.HAYN”, Globenewswire.com published: “Haynes International, Inc. Reports Third Quarter Fiscal 2016 Financial Results” on August 04, 2016. More interesting news about Haynes International, Inc. (NASDAQ:HAYN) was released by: Globenewswire.com and their article: “Haynes International, Inc. Announces Expansion of LaPorte, IN Operations” with publication date: May 02, 2016.

HAYN Company Profile

Haynes International, Inc. (Haynes), incorporated on December 1, 1986, is a producer of nickel- and cobalt alloys in flat product forms, such as sheet, coil and plate forms. The Firm operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land gas turbine, chemical processing and other industries. The Company’s products consist of high temperature resistant alloy (HTA) products and corrosion resistant alloy (CRA) products. HTA products are used by manufacturers of equipment that is subjected to high temperatures, such as jet engines for the aerospace market, gas turbine engines used for power generation and waste incineration, and industrial heating equipment. CRA products are used in applications that require resistance to corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment. The Firm also produces its products as welded tubulars, and in slab, bar, billet and wire forms.

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