New York State Teachers Retirement System Holds Position in Haynes International, Inc. (HAYN)

New York State Teachers Retirement System maintained its stake in shares of Haynes International, Inc. (NASDAQ:HAYN) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 30,618 shares of the basic materials company’s stock at the end of the first quarter. New York State Teachers Retirement System owned approximately 0.24% of Haynes International worth $1,167,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HAYN. Mason Street Advisors LLC boosted its stake in shares of Haynes International by 7.1% in the first quarter. Mason Street Advisors LLC now owns 2,925 shares of the basic materials company’s stock worth $112,000 after buying an additional 195 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Haynes International during the first quarter worth approximately $229,000. Arizona State Retirement System boosted its stake in shares of Haynes International by 1.5% in the first quarter. Arizona State Retirement System now owns 6,565 shares of the basic materials company’s stock worth $250,000 after buying an additional 100 shares during the period. Thrivent Financial For Lutherans raised its position in Haynes International by 3.5% in the first quarter. Thrivent Financial For Lutherans now owns 7,010 shares of the basic materials company’s stock valued at $267,000 after buying an additional 240 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Haynes International by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,770 shares of the basic materials company’s stock valued at $291,000 after buying an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Shares of Haynes International, Inc. (NASDAQ:HAYN) traded up 2.29% during trading on Wednesday, reaching $30.31. The company’s stock had a trading volume of 43,919 shares. The firm’s 50-day moving average is $33.16 and its 200-day moving average is $37.02. Haynes International, Inc. has a 12-month low of $29.01 and a 12-month high of $48.37. The stock’s market capitalization is $375.84 million.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.30) by $0.02. Haynes International had a negative net margin of 0.84% and a negative return on equity of 1.59%. The business had revenue of $97.98 million during the quarter, compared to analyst estimates of $97.54 million. During the same period in the previous year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts expect that Haynes International, Inc. will post ($0.37) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.90%. The ex-dividend date is Wednesday, August 30th. Haynes International’s payout ratio is currently -314.29%.

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Several equities analysts have recently issued reports on HAYN shares. Zacks Investment Research lowered Haynes International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 18th. Longbow Research raised Haynes International from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Monday, May 15th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $26.00 price target (down previously from $33.50) on shares of Haynes International in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Haynes International has an average rating of “Hold” and an average price target of $37.33.

About Haynes International

Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.

Institutional Ownership by Quarter for Haynes International (NASDAQ:HAYN)

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