Haynes International (NASDAQ:HAYN) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Haynes International (NASDAQ:HAYN) from a hold rating to a sell rating in a report published on Monday morning.

Haynes International Trading Up 0.0 %

HAYN opened at $60.99 on Monday. The business’s 50 day moving average price is $59.92 and its 200 day moving average price is $59.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74. The stock has a market capitalization of $779.45 million, a PE ratio of 20.96, a P/E/G ratio of 0.85 and a beta of 1.39. Haynes International has a one year low of $47.69 and a one year high of $61.01.

Haynes International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, August 30th. Haynes International’s dividend payout ratio (DPR) is 30.24%.

Insiders Place Their Bets

In other news, CFO Daniel W. Maudlin sold 6,744 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $59.66, for a total transaction of $402,347.04. Following the completion of the transaction, the chief financial officer now directly owns 30,287 shares of the company’s stock, valued at approximately $1,806,922.42. The trade was a 18.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Haynes International by 1,035.8% in the second quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock valued at $1,262,000 after acquiring an additional 19,608 shares during the last quarter. Gabelli Funds LLC acquired a new stake in Haynes International during the 1st quarter worth $8,325,000. Cornercap Investment Counsel Inc. purchased a new position in Haynes International during the 2nd quarter worth $526,000. Nisa Investment Advisors LLC increased its stake in Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after purchasing an additional 24,995 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Haynes International by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock worth $1,915,000 after buying an additional 4,605 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Haynes International

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.