Boston Partners lowered its stake in Haynes International, Inc. (NASDAQ:HAYN) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 266,650 shares of the basic materials company’s stock after selling 28,580 shares during the quarter. Boston Partners’ holdings in Haynes International were worth $8,546,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of HAYN. SG Americas Securities LLC purchased a new position in shares of Haynes International during the 4th quarter worth $111,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Haynes International by 59.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,690 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 1,740 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Haynes International by 63.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,713 shares of the basic materials company’s stock worth $241,000 after purchasing an additional 2,615 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Haynes International during the 2nd quarter worth $255,000. Finally, Thrivent Financial For Lutherans lifted its stake in shares of Haynes International by 7.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,540 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 530 shares during the period. 98.56% of the stock is currently owned by hedge funds and other institutional investors.

Haynes International, Inc. (NASDAQ:HAYN) opened at $40.48 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.02 and a quick ratio of 1.67. The firm has a market capitalization of $496.68, a price-to-earnings ratio of -15.63 and a beta of 1.60. Haynes International, Inc. has a 52-week low of $28.97 and a 52-week high of $43.95.

Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, February 1st. The basic materials company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.10. The business had revenue of $89.70 million for the quarter, compared to analyst estimates of $94.95 million. Haynes International had a negative return on equity of 3.76% and a negative net margin of 8.18%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. analysts predict that Haynes International, Inc. will post 0.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, February 28th. Haynes International’s dividend payout ratio (DPR) is currently -33.98%.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Haynes International from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. BidaskClub raised Haynes International from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. raised Haynes International from a “neutral” rating to an “overweight” rating in a research note on Monday, February 5th. Finally, ValuEngine lowered Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Haynes International presently has a consensus rating of “Hold” and an average target price of $38.00.

In other news, Director Dawne S. Hickton bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average cost of $31.50 per share, with a total value of $63,000.00. Following the transaction, the director now owns 5,300 shares of the company’s stock, valued at approximately $166,950. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.41% of the company’s stock.

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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.

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

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