Haynes International Inc. (NASDAQ:HAYN)’s share price fell 4% during trading on Monday . The company traded as low as $38.41 and last traded at $38.95, with a volume of 76,231 shares trading hands. The stock had previously closed at $40.58.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 12th. Rosenblatt Securities raised shares of Haynes International from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Haynes International has a consensus rating of “Hold” and a consensus price target of $43.67.

The company has a market capitalization of $481.81 million and a P/E ratio of 42.34. The firm has a 50-day moving average price of $32.24 and a 200 day moving average price of $32.99.

Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.14. The company had revenue of $102.50 million for the quarter, compared to analyst estimates of $105.53 million. During the same quarter last year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was down 26.1% compared to the same quarter last year. On average, analysts anticipate that Haynes International Inc. will post $0.25 EPS for the current year.

In other Haynes International news, VP Jean C. Neel purchased 1,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average cost of $27.99 per share, with a total value of $27,990.00. Following the completion of the transaction, the vice president now owns 9,532 shares in the company, valued at $266,800.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Comerford purchased 2,500 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $65,625.00. Following the completion of the transaction, the chief executive officer now owns 48,865 shares of the company’s stock, valued at approximately $1,282,706.25. The disclosure for this purchase can be found here.

Other institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Haynes International by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 553,482 shares of the company’s stock worth $20,308,000 after buying an additional 51,926 shares in the last quarter. First Trust Advisors LP raised its position in Haynes International by 83.0% in the fourth quarter. First Trust Advisors LP now owns 59,922 shares of the company’s stock worth $2,199,000 after buying an additional 27,186 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Haynes International by 1.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 118,938 shares of the company’s stock worth $4,364,000 after buying an additional 1,500 shares in the last quarter.

Haynes International, Inc produces nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land-based gas turbine, chemical processing and other industries.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.