KBC Group NV Boosts Holdings in Haynes International, Inc. (HAYN)

KBC Group NV lifted its holdings in shares of Haynes International, Inc. (NASDAQ:HAYN) by 39.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,010 shares of the basic materials company’s stock after buying an additional 3,383 shares during the quarter. KBC Group NV owned about 0.10% of Haynes International worth $436,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HAYN. Municipal Employees Retirement System of Michigan lifted its stake in Haynes International by 4.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,950 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 130 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Haynes International by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 2,925 shares of the basic materials company’s stock valued at $112,000 after buying an additional 195 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Haynes International during the 2nd quarter valued at $140,000. BNP Paribas Arbitrage SA raised its position in shares of Haynes International by 50.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,098 shares of the basic materials company’s stock valued at $149,000 after buying an additional 1,370 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Haynes International during the 1st quarter valued at $229,000. Institutional investors own 98.64% of the company’s stock.

Several analysts have recently weighed in on the stock. ValuEngine cut shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $26.00 target price (down previously from $33.50) on shares of Haynes International in a report on Saturday, July 22nd. Finally, Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $36.50.

Shares of Haynes International, Inc. (NASDAQ HAYN) opened at 30.93 on Friday. The company’s market cap is $383.53 million. Haynes International, Inc. has a one year low of $28.97 and a one year high of $48.37. The firm has a 50-day moving average of $30.65 and a 200-day moving average of $35.48.

Haynes International (NASDAQ:HAYN) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ 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 last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts forecast that Haynes International, Inc. will post ($0.76) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, August 30th. Haynes International’s dividend payout ratio (DPR) is presently -314.29%.

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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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