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

StockNews.com upgraded shares of Haynes International (NASDAQ:HAYN) from a sell rating to a hold rating in a report published on Tuesday morning.

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. The company’s 50-day simple moving average is $60.17 and its 200-day simple moving average is $59.54. Haynes International has a one year low of $47.69 and a one year high of $61.01. The stock has a market capitalization of $779.45 million, a price-to-earnings ratio of 20.96, a PEG ratio of 0.85 and a beta of 1.39.

Insiders Place Their Bets

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $59.66, for a total value of $402,347.04. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Haynes International

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of Haynes International by 8.6% in the third quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 220 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in shares of Haynes International in the second quarter valued at approximately $526,000. SG Americas Securities LLC increased its stake in shares of Haynes International by 1,035.8% in the second quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock valued at $1,262,000 after purchasing an additional 19,608 shares during the period. Anson Funds Management LP acquired a new stake in shares of Haynes International in the third quarter valued at approximately $1,445,000. Finally, Nisa Investment Advisors LLC increased its stake 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. Institutional investors own 97.31% of the company’s stock.

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.