Haynes International (NASDAQ:HAYN) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Haynes International (NASDAQ:HAYNFree Report) from a sell rating to a hold rating in a research report released on Tuesday.

Haynes International Stock Performance

Shares of HAYN stock opened at $60.99 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74. Haynes International has a 52 week low of $47.69 and a 52 week high of $61.01. The company’s 50 day moving average price is $60.13 and its two-hundred day moving average price is $59.53. The company has a market capitalization of $779.45 million, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.39.

Insider Activity at Haynes International

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Gabelli Funds LLC boosted its position in Haynes International by 29.5% during the 2nd quarter. Gabelli Funds LLC now owns 179,371 shares of the basic materials company’s stock worth $10,529,000 after acquiring an additional 40,904 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after purchasing an additional 24,995 shares during the last quarter. Anson Funds Management LP bought a new stake in shares of Haynes International in the third quarter worth $1,445,000. SG Americas Securities LLC boosted its holdings in Haynes International by 1,035.8% during the second quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock worth $1,262,000 after purchasing an additional 19,608 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new position in Haynes International in the second quarter valued at $526,000. 97.31% of the stock is currently owned by institutional investors.

About Haynes International

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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.

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