Haynes International (NASDAQ:HAYN) Rating Increased to Hold at BidaskClub
Several other research firms also recently weighed in on HAYN. Zacks Investment Research raised shares of Haynes International from a sell rating to a hold rating in a research note on Wednesday, April 3rd. ValuEngine raised shares of Haynes International from a sell rating to a hold rating in a research note on Monday, March 25th.
NASDAQ HAYN opened at $30.59 on Tuesday. Haynes International has a 52-week low of $24.46 and a 52-week high of $43.20. The company has a quick ratio of 1.48, a current ratio of 5.57 and a debt-to-equity ratio of 0.03. The firm has a market cap of $381.22 million, a PE ratio of -437.00 and a beta of 1.71.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, May 30th. Haynes International’s dividend payout ratio is presently -1,257.14%.
A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in Haynes International by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 49,558 shares of the basic materials company’s stock worth $1,627,000 after purchasing an additional 16,931 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Haynes International by 7.3% in the first quarter. Wellington Management Group LLP now owns 351,824 shares of the basic materials company’s stock valued at $11,550,000 after acquiring an additional 23,923 shares during the period. Pinebridge Investments L.P. purchased a new position in shares of Haynes International in the first quarter valued at about $526,000. Geode Capital Management LLC increased its position in shares of Haynes International by 6.3% in the first quarter. Geode Capital Management LLC now owns 147,573 shares of the basic materials company’s stock valued at $4,844,000 after acquiring an additional 8,728 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Haynes International by 8.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 71,712 shares of the basic materials company’s stock valued at $2,355,000 after acquiring an additional 5,553 shares during the period. 98.10% of the stock is owned by institutional investors and hedge funds.
Haynes International Company Profile
Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.
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