HAYN 주가, 뉴스, 차트, 주식 조사, 프로필.

 (HAYN) 주식 시세 및 뉴스 요약

Haynes Intl

Earnings

Commodities

AUMN

HAYN

MTUS

2024년 5월 10일 주요 뉴스: 1. 앵글로골드 아샨티(NYSE:AU)는 2024년 1분기 연간 금 생산량이 2% 증가했다고 보고했으며, 웨스턴 오스트레일리아의 악천후로 인한 어려움에도 불구하고 연간 생산량 지침을 유지했다.

금요일 주요 광업 뉴스: 앵글로골드 아샨티, 골든 미네랄스, 메탈러스, 헤인스 인터내셔널

Haynes International, Inc. Com (New)

Haynes International is being acquired in a deal expected to close soon pending final closing conditions.

News

Dream Finders Homes To Replace Haynes In S&P SmallCap 600 Effective Prior To Opening Of Trading On November 25

<a href="https://www.acerinox.com/en/comunicacion/noticias/UK-competition-authority-clears-Haynes-International-purchase/" title="https://www.acerinox.com/en/comunicacion/noticias/UK-competition-authority-clears-Haynes-International-purchase/">https://www.acerinox.com/en/comunicacion/noticias/UK-competition-authority-clears-Haynes-International-purchase/</a>

Acerinox Gets Authorization From Austrian Competition Authorities To Acquire Haynes International; Transaction Expected To Take Place Before End Of Nov

On September 9, it was revealed in an SEC filing that Daniel W Maudlin, CFO at Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) executed a significant exercise of company stock options.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000858655/000141588924023068//Archives/edgar/data/858655/000141588924023068/0001415889-24-023068-index.htm">U.S. Securities and Exchange Commission</a> on Monday revealed that Maudlin, CFO at Haynes Intl in the Materials sector, exercised stock options for 7,500 shares of HAYN stock. The exercise price of the options was $46.72 per share.
As of Tuesday morning, Haynes Intl shares are down by 0.0%, with a current price of $59.63. This implies that Maudlin's 7,500 shares have a value of $96,825.
<h3>Get to Know Haynes Intl Better</h3>
Haynes International Inc is a producer of high-performance nickel and cobalt-based alloys. The company is focused on developing, manufacturing, marketing, and distributing technology and high-performance alloys. The company operates in a single segment: the design, manufacture, marketing, and distribution of technologically advanced, high-performance alloys for use in the aerospace, industrial gas turbine, chemical processing, and other industries Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, China, and other countries.
<h3>Haynes Intl's Economic Impact: An Analysis</h3>
Positive Revenue Trend: Examining Haynes Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.96% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: With a low gross margin of 16.59%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Haynes Intl's EPS reflects a decline, falling below the industry average with a current EPS of 0.64.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.2.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Haynes Intl's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 20.56.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 1.25, Haynes Intl's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Haynes Intl's EV/EBITDA ratio, surpassing industry averages at 11.75, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Deciphering Transaction Codes in Insider Filings</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000858655">Check Out The Full List Of Haynes Intl's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Insider Move: Daniel W Maudlin Exercises Options, Realizing $96K At Haynes Intl

Guidance
The Company expects fourth quarter revenue and earnings to be similar to the third quarter of fiscal 2024 as a result of the unfavorable impact of lower production volumes primarily due to two factors – the Boeing build rate slowdown, and the Company's significant inventory reduction initiatives.

Guidance

Haynes International Expects Q4 Revenue And Earnings To Be Similar To Q3 As A Result Of The Unfavorable Impact Of Lower Production Volumes Primarily Due The Boeing Build Rate Slowdown, And The Co's Significant Inventory Reduction Initiatives.

Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) reported quarterly earnings of $0.63 per share which missed the analyst consensus estimate of $0.83 by 24.1 percent. This is a 7.35 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $153.92 million which missed the analyst consensus estimate of $158.81 million by 3.08 percent. This is a 6.96 percent increase over sales of $143.90 million the same period last year.

Earnings Misses

Haynes Intl Q3 EPS $0.63 Misses $0.83 Estimate, Sales $153.92M Miss $158.81M Estimate

Haynes International (NASDAQ GS: HAYN), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, today announced Marlin (Marty) C. Losch III has been named Chief Operating Officer of Haynes International, effective July 1st.
In this newly created position, Losch will have responsibility for all commercial and operational activities for the Company. Losch will report directly to Michael Shor, President and Chief Executive Officer of Haynes.

Management

Haynes International Appoints Marlin C. Losch III As Chief Operating Officer, Effective July 1

Haynes International, Inc. (NASDAQ GM: HAYN) (the &quot;Company&quot;), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, is pleased to announce that clearance has been obtained from the Committee on Foreign Investment in the United States (CFIUS) related to the planned merger with North American Stainless, Inc. 
&nbsp;
As previously disclosed, on February&nbsp;4, 2024, Haynes International,&nbsp;Inc., a Delaware corporation, entered into an Agreement and Plan of Merger (the &quot;Merger Agreement&quot;) with North American Stainless,&nbsp;Inc., a Delaware corporation (&quot;Parent&quot;), Warhol Merger Sub,&nbsp;Inc., a Delaware corporation and a wholly owned subsidiary of Parent (&quot;Merger Sub&quot;), and solely for purposes specified therein, Acerinox S.A., a Spanish&nbsp;sociedad anonima&nbsp;(&quot;Guarantor&quot;). Pursuant to the Merger Agreement, Merger Sub will be merged with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent (the &quot;Merger&quot;).
The Merger remains subject to regulatory approval from applicable regulatory authorities in the United Kingdom and Austria. All other regulatory approvals and clearances where the applicable authorities have asserted jurisdiction have been obtained. The Company continues to expect that the Merger will close in the fourth calendar quarter of 2024.

Reported Earlier, Haynes International Secures CFIUS Clearance for North American Stainless Merger

Legal

On May 14, CMA Informed Haynes International That It Will Be Conducting Formal Investigation Of Transaction With North American Stainless; Now Expects Merger Will Close In Q4 Of 2024

Top Stories for May 10, 2024:
1. AngloGold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) reported a 2% increase in <a href="https://www.benzinga.com/wiim/24/05/38757003/anglogold-ashanti-shares-are-trading-higher-after-the-company-reported-q1-gold-production">annual gold production</a> for the first quarter of 2024, maintaining its full-year production guidance despite challenges from severe weather in Western Australia. 
<ol></ol>
CEO Alberto Calderon highlighted consistent operational improvements and strong safety outcomes, with no fatalities recorded for the 11th consecutive quarter. 
The company is continuing its efforts to enhance safety, cost performance and mine life extension.&nbsp;
Production gains were seen at multiple sites, although offset by reductions at others due to environmental impacts and operational halts.&nbsp;
Obuasi&#8217;s production met expectations and is set to increase in the latter half of the year.&nbsp;
Despite temporary setbacks from flooding at Tropicana, the company anticipates recovering lost production later in the year.
2. Golden Minerals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AUMN#AMEX">AUMN</a>) agreed to sell key assets from its Velardeña Properties in Mexico, including mines, plants and equipment, to a private Mexican firm for $5.5 million plus VAT. 
<ol start="2"></ol>
Payments are scheduled as follows: $1 million upfront (non-refundable), $2 million on May 20 and $2.5 million on July 1, 2024.&nbsp;
Additionally, Golden&#8217;s subsidiary Minera William settled a legal dispute with Unifin Financiera, paying $250,000 to resolve the lawsuit.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/05/38760388/new-mining-alliance-targets-copper-exploration-in-arizona-new-mexico-and-utah">New Mining Alliance Targets Copper Exploration In Arizona, New Mexico, And Utah</a>
3. Metallus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTUS#NYSE">MTUS</a>) reported Q1 net sales of $321.6 million, net income of $24 million and adjusted EBITDA of $43.4 million. 
<ol start="3"></ol>
The company also had an operating cash flow of $33.4 million and ended with $278.1 million in cash.&nbsp;
They invested $17.4 million in capital expenditures and spent $4.4 million on share repurchases, with the Board authorizing a new $100 million share repurchase program.
4. Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) reported fiscal Q2 net revenues of $152.5 million, maintaining similar levels to last year, despite a previous outage at their Kokomo plant. 
<ol start="4"></ol>
Gross margin was impacted by raw material costs, resulting in a net income of $8.6 million, down from last year&#8217;s $12.3 million.&nbsp;
The company saw solid revenue growth in aerospace and industrial gas turbine markets, offset by declines in chemical processing.&nbsp;
The backlog decreased slightly to $438.6 million, reflecting similar market trends.&nbsp;
Capital investments for the first half of the fiscal year totaled $10.9 million, with up to $28 million planned for the full year.&nbsp;
Finally, a quarterly dividend of 22 cents per share was declared.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/markets/asia/24/05/38760872/us-ready-to-impose-new-tariffs-on-chinas-ev-solar-sectors-could-cause-more-severe-damage-than-last-t">US Ready To Impose New Tariffs On China&#8217;s EV, Solar Sectors: &#8216;Could Cause More Severe Damage&#8217; Than Last Trade War</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

AngloGold Navigates Production Challenges; Golden Minerals Sells Key Assets; Metallus Launches Share Buyback And More: Friday's Top Mining Stories

Haynes Believes That Revenue And Earnings Are Expected To Be Higher In Q3Compared To Q2 Of Fiscal 2024

Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) reported quarterly earnings of $0.66 per share which missed the analyst consensus estimate of $0.81 by 18.52 percent. The company reported quarterly sales of $152.500 million which missed the analyst consensus estimate of $158.797 million by 3.97 percent. This is a 0.19 percent decrease over sales of $152.786 million the same period last year.

Haynes Intl Q2 2024 GAAP EPS $0.66 Misses $0.81 Estimate, Sales $152.500M Miss $158.797M Estimate

Northcoast Research analyst Chris Olin downgrades Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

Northcoast Research Downgrades Haynes Intl to Neutral

Noble Capital Markets analyst Mark Reichman downgrades Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) from Outperform to Market Perform.

Noble Capital Markets Downgrades Haynes Intl to Market Perform

U.S. stocks traded lower, with the Dow Jones falling over 300 points on Monday.
Shares of The Est&eacute;e Lauder Companies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/el#NYSE">EL</a>) rose sharply during Monday&rsquo;s session after the company reported better-than-expected second-quarter financial results and announced a restructuring program, which includes an estimated net reduction of roughly 3 to 5 percent of its <a href="https://www.benzinga.com/news/earnings/24/02/36932145/why-cosmetics-major-estee-lauder-shares-are-rocketing-premarket-monday">positions as of June 30, 2023</a>.
Est&eacute;e Lauder shares gained 14% to $152.93 on Monday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>4D Molecular Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fdmt#NASDAQ">FDMT</a>) jumped 100.9% to $35.13 after the company announced interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet AMD patients with severe disease activity and a high treatment burden.</li>
<li>Everbridge, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evbg#NASDAQ">EVBG</a>) shares surged 18.2% to $28.13 after the company announced it will be acquired by Thoma Bravo for $1.5 billion.</li>
<li>MorphoSys AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mor#NASDAQ">MOR</a>) rose 15.7% to $12.81.</li>
<li>Core Scientific, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/corz#NASDAQ">CORZ</a>) jumped 10.3% to $3.29. Core Scientific produced 13,762 Bitcoin in 2023.</li>
<li>Digital World Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) rose 10.1% to $44.68.</li>
<li>Catalent, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctlt#NYSE">CTLT</a>) climbed 10% to $59.97 after the company announced it will be acquired by Novo Holdings.</li>
<li>Napco Security Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nssc#NASDAQ">NSSC</a>) rose 8.5% to $38.86 following second-quarter results.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) jumped 7.6% to $623.84.</li>
<li>ON Semiconductor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/on#NASDAQ">ON</a>) gained 7.3% to $75.97 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Elanco Animal Health Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elan#NYSE">ELAN</a>) surged 6% to $15.61 after the company announced the sale of its aqua business to Merck Animal health for $1.3 billion.</li>
<li>Haynes International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hayn#NASDAQ">HAYN</a>) gained 6% to $59.49 as the company penned a deal to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, for an enterprise value of about $970 million.</li>
<li>CNA Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cna#NASDAQ">CNA</a>) gained 5.2% to $45.59 after it reported fourth-quarter FY23 results.</li>
<li>Eli Lilly and Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lly#NYSE">LLY</a>) rose 5.2% to $702.38. Eli Lilly and Company is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 6, 2024.</li>
<li>Tyson Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsn#NYSE">TSN</a>) gained 3.5% to $58.32 after the company reported better-than-expected first-quarter financial results and issued guidance.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/36927203/mastercard-american-express-and-a-tech-stock-cnbcs-final-trades"> Mastercard, American Express And A Tech Stock: CNBC&#39;s &#39;Final Trades&#39;</a>

Penny Stocks

Small Cap

Intraday Update

Markets

Movers

Core Scientific, Inc. - Class A Common Stock

CORZ

CTLT

DWAC

ELAN

EVBG

FDMT

Morgan Stanley Capital Protected Notes for S&P 500 Index

NSSC

SMCI

Estée Lauder Posts Upbeat Earnings, Joins ON Semiconductor, Tyson Foods And Other Big Stocks Moving Higher On Monday

North American Stainless agreed to buy Haynes International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>), a manufacturer and marketer of high-performance alloys, in an all-cash deal valued at about $970 million.
The purchase price represents a 12.3x fiscal 2023 EBITDA multiple. North American Stainless will acquire all of Haynes&#8217; outstanding shares for $61.00 per share in cash, reflecting a 22% premium to Haynes&#8217; six-month volume-weighted average share price. 
Haynes CEO Michael L. Shor said the sale is &#8220;the right step to ensure the long-term success of Haynes while maximizing value for our stockholders.&#8221; 
Now Read: <a href="https://www.benzinga.com/news/24/02/36911855/endeavour-mining-resumes-operations-following-strike-at-major-gold-mine">Endeavour Mining Resumes Operations Following Strik</a><a href="https://www.benzinga.com/news/24/02/36911855/endeavour-mining-resumes-operations-following-strike-at-major-gold-mine">e At Major Gold Mine</a>
Acerinox chair Carlos Ortega Arias-Paz praised the Haynes team for building a &#8220;high-performance alloys business that will now be supported by Acerinox's global operating and financial strength.&#8221;
The transaction also expands Acerinox&#8217;s presence in the U.S. market, creating new opportunities in the aerospace sector. 
Additionally, Acerinox has committed to invest an additional $200 million into its U.S. operations, including $170 million into Haynes&#8217; operations. The four-year investment, mainly in Haynes&#8217;s Kokomo operations in Indiana, should create an integrated HPA and stainless steel platform.
&#8220;This acquisition is aligned with Acerinox's key strategic priority of enhancing our focus on value-added products with an emphasis on excellence and sustainability, building on our successful acquisition of VDM Metals in 2020,&#8221; said Arias-Paz said.
Acerinox bought German-based alloy firm VDM Metals for 532 million euros ($587.6 million) in 2020. 
This latest deal with North American Stainless is expected to be immediately accretive to Acerinox's earnings per share in its first year of ownership, even before the estimated annual synergies of $71 million. 
Both boards of directors have unanimously approved the acquisition, which should close in the third-quarter of 2024, subject to regulatory approval.
The acquisition by Acerinox, a Spanish steel conglomerate, continues the trend of foreign companies acquiring U.S. metal manufacturers. A $14.1 billion Nippon Steel's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) bid for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>),<a href="https://www.benzinga.com/news/earnings/24/01/36872853/us-steel-q4-earnings-preview-all-eyes-on-nippons-14-1-billion-deal"> the largest such ongoing deal</a>, is pending regulatory scrutiny, with a focus on its impact on national security and supply chain reliability.
Haynes just announced <a href="https://www.benzinga.com/pressreleases/24/02/g36928503/haynes-international-inc-reports-first-quarter-fiscal-2024-financial-results">the latest earnings results</a>, reporting record revenues, despite a Kokomo plant outage.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/02/36899901/us-steel-delivers-better-than-expected-q4-results">US Steel Delivers Better-Than-Expected Q4 Results</a>
Image: Unsplash

ANIOY

NISTF

North American Stainless Buys Haynes International For $970M

Haynes International Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) penned a deal to be acquired by North American Stainless, a wholly owned subsidiary of&nbsp;Acerinox SA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ACRXF#OTC">ACRXF</a>), for an enterprise value<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g36927333/haynes-international-announces-agreement-to-be-acquired-by-north-american-stainless-a-wholly-owned" rel="noreferrer noopener">&nbsp;of about $970 million</a>.
The all-cash transaction price represents a multiple of 12.3x fiscal 2023 EBITDA.
As per the terms, North American Stainless will acquire all Haynes&#8217; outstanding shares for $61.00 per share in cash, reflecting a premium of nearly 9% to Friday&#8217;s closing price and about 22% to its&#8217; six-month volume-weighted average share price for the period ending February 2, 2024.&nbsp;
Michael L. Shor, President and Chief Executive Officer of Haynes, said, &#8220;By joining with Acerinox, we will be able to continue to grow and enhance our operations, especially with the additional $200 million investment into the combined company&#8217;s U.S. operations, including $170 million into our operations with the vast majority invested in Kokomo, Indiana. We look forward to our people and our local communities realizing the benefits of this transaction.&#8221;
The deal, unanimously approved by the board of directors of both companies, is expected to close in the third quarter of 2024, subject to the satisfaction of customary closing conditions.&nbsp;
Post completion, Haynes will cease trading on the Nasdaq stock exchange.
Price Action: HAYN shares traded higher by 3.37% at $58.00 premarket Monday.

Equities

ACRXF

Alloy Manufacturer Haynes Gets Hitched: Scores 9% Premium In $970M Takeover Deal

Haynes Intl Q1 EPS $0.60 Vs $0.61 YoY, Sales $147.36M Miss $151.94M Estimate

Haynes International, Inc. (NASDAQ GM:HAYN) (&quot;Haynes&quot; or the &quot;Company&quot;) a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, today announced it has entered into a definitive agreement to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, in an all-cash transaction valuing the Company at an enterprise value of approximately&nbsp;$970 million&nbsp;and representing a multiple of 12.3x fiscal 2023 EBITDA.
Under the terms of the agreement, North American Stainless will acquire all the outstanding shares of Haynes for&nbsp;$61.00&nbsp;per share in cash, which represents a premium of approximately&nbsp;22%&nbsp;to Haynes&#39; six-month volume-weighted average share price for the period ending February 2, 2024. As part of this transaction, Acerinox has committed to investing an additional&nbsp;$200 million&nbsp;into its U.S. operations, including&nbsp;$170 million&nbsp;into Haynes&#39; operations.
Headquartered in Madrid, Spain, Acerinox is a global leader in manufacturing stainless-steel and high-performance alloys and its subsidiary, North American Stainless, is the largest fully integrated stainless-steel company in the U.S.

Haynes International Announces Agreement to be Acquired by Acerinox Subsidiary North American Stainless for $61.00/Share at a Valuation of $970M

On December 15, 2023, Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) will distribute a dividend payout of $0.22 per share, equating to an annualized dividend yield of 1.76%. Shareholders who owned the stock before the ex-dividend date on November 30, 2023 will receive this payout.
<h3>Haynes Intl Recent Dividend Payouts</h3>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-11-30</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>1.76%</td>
<td>2023-11-16</td>
<td>2023-12-01</td>
<td>2023-12-15</td>
</tr>
<tr>
<td>2023-08-31</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>1.79%</td>
<td>2023-08-03</td>
<td>2023-09-01</td>
<td>2023-09-15</td>
</tr>
<tr>
<td>2023-05-31</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>1.9%</td>
<td>2023-05-04</td>
<td>2023-06-01</td>
<td>2023-06-15</td>
</tr>
<tr>
<td>2023-02-28</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>1.57%</td>
<td>2023-02-02</td>
<td>2023-03-01</td>
<td>2023-03-15</td>
</tr>
<tr>
<td>2022-12-02</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>1.65%</td>
<td>2022-11-17</td>
<td>2022-12-05</td>
<td>2022-12-19</td>
</tr>
<tr>
<td>2022-08-31</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.6%</td>
<td>2022-07-28</td>
<td>2022-09-01</td>
<td>2022-09-15</td>
</tr>
<tr>
<td>2022-05-31</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.2%</td>
<td>2022-04-28</td>
<td>2022-06-01</td>
<td>2022-06-15</td>
</tr>
<tr>
<td>2022-02-28</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.55%</td>
<td>2022-01-27</td>
<td>2022-03-01</td>
<td>2022-03-15</td>
</tr>
<tr>
<td>2021-11-30</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.12%</td>
<td>2021-11-18</td>
<td>2021-12-01</td>
<td>2021-12-15</td>
</tr>
<tr>
<td>2021-08-31</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.27%</td>
<td>2021-07-29</td>
<td>2021-09-01</td>
<td>2021-09-15</td>
</tr>
<tr>
<td>2021-05-28</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>3.1%</td>
<td>2021-04-29</td>
<td>2021-06-01</td>
<td>2021-06-15</td>
</tr>
<tr>
<td>2021-02-26</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>3.85%</td>
<td>2021-01-28</td>
<td>2021-03-01</td>
<td>2021-03-15</td>
</tr>
</tbody>
</table>
In terms of dividend yield, Haynes Intl finds itself in the middle ground among its industry peers, while Ramaco Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METCB#NASDAQ">METCB</a>) takes the lead with the highest annualized dividend yield at 8.55%.
<h3>Analyzing Haynes Intl Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1702652714_0.png" alt="dividend chart graph" />
Throughout the period of 2019 to 2022, the company maintained a steady dividend per share of $0.88. This demonstrates the company's commitment to a stable dividend policy, which can be reassuring for investors looking for reliable income sources.
<h3>YoY Earnings Growth For Haynes Intl</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1702652714_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Haynes Intl's earnings per share, from $0.77 in 2019 to $3.58 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Haynes Intl and its significance for shareholders. The company has decided to distribute a dividend of $0.22 per share today, which equates to an annualized dividend yield of 1.76%.
In terms of dividend yield, Haynes Intl finds itself in the middle ground among its industry peers, while Ramaco Resources takes the lead with the highest annualized dividend yield at 8.55%.
Despite maintaining an unchanged dividend per share from 2019 to 2022, the steady increase in earnings per share for Haynes Intl suggests a strong financial standing and positions the company to continue distributing their profits back to their investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
\To read more news on Haynes Intl <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Ramaco Resources, Inc. - Class B Common Stock

METCB

Haynes Intl: The Protector of Consistency and Investor Benefits

Angela Kohlheim, General Counsel at Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>), reported a large acquisition of company stock options on November 22, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000858655/000141588923015356//Archives/edgar/data/858655/000141588923015356/0001415889-23-015356-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Kohlheim, General Counsel at Haynes Intl, a company in the Materials sector, was just awarded stock options worth 2,225 shares of HAYN. The options give Kohlheim the right to buy the company's stock at $48.63 per share.
Haynes Intl shares are trading down 0.0% at $48.48 at the time of this writing on Wednesday morning. Since the current price is $48.48, this makes Kohlheim's 2,225 shares worth $107,868.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000858655">Check Out The Full List Of Haynes Intl's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Haynes Intl General Counsel Awarded $107K Worth of Stock Options

In a report released today, Mark Reichman from Noble Financial maintained a Hold rating on Haynes International (HAYN – Research Report). The compa...

Noble Financial Keeps Their Hold Rating on Haynes International (HAYN)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on SPX (SPXC – Research Report), Haynes International (HAYN – ...

Analysts Offer Insights on Industrial Goods Companies: SPX (SPXC), Haynes International (HAYN) and Limbach Holdings (LMB)

Haynes GAAP EPS of $0.63, revenue of $153.92M

Haynes declares $0.22 dividend

Worthington Steel: Shares Fall Despite Exceeding Q1 Estimates

Acerinox: I'm A Buyer During The Downcycle

Noble Financial Sticks to Their Hold Rating for Haynes International (HAYN)

Haynes (HAYN) International is being acquired in a deal expected to close soon pending final closing conditions. Published first on TheFly – the ul...

Dream Finders Homes to replace Haynes in S&P 600 at open on 11/25

Dream Finders Homes set to join S&P smallcap 600

The latest announcement is out from Haynes International ( ($HAYN) ). Acerinox has successfully completed its acquisition of Haynes International, ...

Acerinox Acquires Haynes International, Expands U.S. Aerospace Presence

ARCH

ASTL

ASTLW

SPGI

SPXC

Press Releases

Kuehn Law Encourages FREE, HAYN, EVBG, and DOOR Investors to Contact Law Firm

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates KAMN, HAYN, EVBG, DOOR

URGENT: The M&A Class Action Firm Encourages Shareholders of Haynes International, Inc. to Take Action Before the Merger Vote on April 16, 2024 - HAYN

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates INBX, HAYN, EVBG, KAMN

Haynes International, Inc. Reports Second Quarter Fiscal 2024 Financial Results

CFIUS Approval Obtained for the Planned Merger of North American Stainless, Inc. and Haynes International, Inc.

Haynes International Inc. Names Marlin C. Losch III Chief Operating Officer

Haynes International, Inc. Reports Third Quarter Fiscal 2024 Financial Results

Dream Finders Homes Set to Join S&P SmallCap 600

DOOR

FREE

INBX

KAMN

Loop Capital

Learn About Cryptocurrency

acf/sidebar-related-posts

Learn about this leading blockchain platform that supports decentralized applications and smart contracts.

What is Ethereum?

Earning interest on your Ethereum is a great way to grow your cryptocurrency holdings. Find out how to earn interest on your Ethereum in 4 easy steps.

How to Earn Interest on Ethereum

Discover the 10 best cryptocurrencies to invest in for November 2024. Stay ahead in the crypto market with our expert insights and analysis! Learn more now!

10 Best Cryptocurrencies to Invest In for December 2024

10 Best Cryptocurrencies to Invest in for November 2024

Discover the best altcoins to invest in for high potential returns. Our top altcoin picks include Ethereum, Solana, Ripple, Dogecoin, Toncoin.

Top 10 Best Altcoins • Benzinga Crypto

10 Best Altcoins in November 2024

Top Cryptocurrency News

acf/news-feed

Cryptocurrency

$BTC

Trump Reportedly Considering Executive Order To Establish Strategic Bitcoin Reserve

$DOGE

$SHIB

Shiba Inu Burn Rate Surges 3,609% As Dogecoin Whales Move 5.8 Billion DOGE: What Is Going On?

Crypto Analyst: Shiba Inu Price Set For Massive Surge, Could Go Up Sixfold

$ETH

$ONDO

$SOL

$XRP

Bitcoin Hits New All-Time High Above $107,000, Ethereum, XRP, Dogecoin Make Gains As Traders Target $115,000 And More

Bitcoin Breaks $106K, Ethereum, Dogecoin Rally Ahead Of Key Fed Meet But Top Analyst Triggers Anxiety With This Observation

개장가	-
종가	-
거래량 / 평균	- / -
일 범위	- - -
52주 범위	- - -
시가 총액	-
P/E 비율	-
배당 수익률	-
거래소
RSI	0
매도 수량	-
커버링 기간	2.78

개장가	-
종가	-
거래량 / 평균	- / -
일 범위	- - -
52주 범위	- - -
시가 총액	-
P/E 비율	-
배당 수익률	-
거래소
RSI	0
매도 수량	-
커버링 기간	2.78

Comments

예보

(HAYN) 주식 시세 및 뉴스 요약

최근 뉴스

재무

분석가 평가

비교

FAQ

뉴스

파트너 / 기고자

벤징가 글로벌

종목명

매출 변동
총 변동
EBITDA 변동
EBIT 변동
실적 변동