Haynes International (NASDAQ:HAYN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN) in a report published on Tuesday. The brokerage issued a hold rating on the basic materials company’s stock.

Other research analysts also recently issued research reports about the stock. Northcoast Research reaffirmed a neutral rating on shares of Haynes International in a report on Thursday, March 14th. Noble Financial lowered shares of Haynes International from an outperform rating to a market perform rating in a research report on Tuesday, February 6th.

Haynes International Stock Up 0.3 %

Shares of NASDAQ:HAYN opened at $58.89 on Tuesday. The company has a current ratio of 7.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.25. Haynes International has a 12 month low of $41.15 and a 12 month high of $60.86. The company has a 50-day moving average price of $59.92 and a 200 day moving average price of $56.41. The company has a market cap of $752.61 million, a price-to-earnings ratio of 19.90, a PEG ratio of 0.86 and a beta of 1.42.

Haynes International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, May 31st. Haynes International’s dividend payout ratio (DPR) is currently 29.73%.

Institutional Trading of Haynes International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAYN. Gabelli Funds LLC purchased a new stake in Haynes International in the 1st quarter worth about $8,325,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Haynes International during the first quarter worth approximately $7,070,000. Russell Investments Group Ltd. increased its position in shares of Haynes International by 352.9% during the fourth quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after acquiring an additional 21,225 shares during the period. Foundry Partners LLC increased its position in shares of Haynes International by 10.1% during the third quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock worth $4,788,000 after acquiring an additional 9,435 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Haynes International by 67.1% during the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 2,504 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

About Haynes International

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.