November 29, 2016 - By Winifred Garcia
The director of Haynes International Inc, Timothy Mccarthy is in the stock market news today. It was announced in a public report filled by Timothy Mccarthy and submitted to the DC-based SEC on November 29, 2016, he sold 368 shares from the Indiana-based Haynes International Inc worth $16,744 US Dollars. The shares average price was $45.5. Timothy Mccarthy currently has in hand 15,920 shares which are roughly 0.13% of the Indiana-Company’s total market cap.
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 7.95% above today’s ($43.54) stock price. Haynes International has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Singular Research initiated the shares of HAYN in a report on Tuesday, September 29 with “Buy” rating. As per Wednesday, November 16, the company rating was downgraded by JP Morgan. On Monday, August 29 the stock rating was downgraded by Rosenblatt to “Neutral”. The firm earned “Hold” rating on Friday, August 14 by Zacks. Zacks downgraded the shares of HAYN in a report on Wednesday, August 12 to “Hold” rating.
Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.20, from 1.34 in 2016Q1. The ratio fall, 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.
Guggenheim Cap Ltd Liability Com holds 0% of its portfolio in Haynes International, Inc. (NASDAQ:HAYN) for 19,519 shares. Peak6 Invs Limited Partnership holds 5,495 shares or 0% of its portfolio. Swiss Bank owns 19,700 shares or 0% of their US portfolio. Td Asset Incorporated has 0% invested in the company for 9,400 shares. Nationwide Fund has 9,195 shares for 0% of their US portfolio. Employees Retirement Association Of Colorado holds 0% of its portfolio in Haynes International, Inc. (NASDAQ:HAYN) for 5,026 shares. The New York-based Metropolitan Life Insur has invested 0% in Haynes International, Inc. (NASDAQ:HAYN). Comerica Bancorporation holds 0.01% or 44,460 shares in its portfolio. Texas Permanent School Fund last reported 0% of its portfolio in the stock. Blackrock Inv Lc has invested 0% of its portfolio in Haynes International, Inc. (NASDAQ:HAYN). Alliancebernstein L P holds 10,374 shares or 0% of its portfolio. Legal General Gru Public Ltd Co has invested 0% of its portfolio in Haynes International, Inc. (NASDAQ:HAYN). Ameriprise Financial Inc accumulated 0% or 61,727 shares. Boothbay Fund Ltd last reported 0.14% of its portfolio in the stock. Teachers Advsr Inc has 18,475 shares for 0% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 1 sale for $88,600 net activity. Another trade for 2,000 shares valued at $88,600 was made by Wall William P on Tuesday, November 22. 142 shares were bought by Gunst Janice, worth $4,124 on Tuesday, May 31.
About 66,996 shares traded hands. Haynes International, Inc. (NASDAQ:HAYN) has risen 19.60% since April 26, 2016 and is uptrending. It has outperformed by 14.34% the S&P500.
Haynes International, Inc. is a producer of nickel- and cobalt alloys in flat product forms, such as sheet, coil and plate forms. The company has a market cap of $540.43 million. The Firm also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It has a 107.41 P/E ratio. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.
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 earnings per share, up 1,450.00% or $0.29 from last year’s $0.02 per share. HAYN’s profit will be $3.85 million for 35.11 P/E if the $0.31 EPS becomes a reality. After $0.08 actual earnings per share 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: “Plus the latest data from Realtor.com on 21 home markets across the US” 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.
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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