Haynes International (NASDAQ:HAYN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN) in a research report report published on Friday morning. The firm issued a hold rating on the basic materials company’s stock.

Haynes International Stock Performance

HAYN opened at $60.99 on Friday. Haynes International has a twelve month low of $47.69 and a twelve month high of $61.01. The firm has a market capitalization of $779.45 million, a PE ratio of 20.96, a PEG ratio of 0.85 and a beta of 1.39. The company has a current ratio of 7.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $60.64 and its 200 day moving average price is $59.75.

Institutional Investors Weigh In On Haynes International

A number of large investors have recently made changes to their positions in HAYN. BNP Paribas Financial Markets boosted its stake in Haynes International by 8.6% during the third quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock worth $165,000 after buying an additional 220 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new position in shares of Haynes International during the 2nd quarter valued at about $526,000. Anson Funds Management LP purchased a new stake in shares of Haynes International in the third quarter valued at about $1,445,000. Nisa Investment Advisors LLC grew 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 period. Finally, Rhumbline Advisers increased its position in Haynes International by 3.2% during the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after purchasing an additional 1,245 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Haynes International Company Profile

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.