Haynes International (NASDAQ:HAYN) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYN) in a research note published on Friday morning. The brokerage issued a hold rating on the basic materials company’s stock.

Haynes International Trading Up 0.0 %

NASDAQ HAYN opened at $60.99 on Friday. The business’s fifty day moving average is $60.66 and its 200-day moving average is $59.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89. The stock has a market capitalization of $779.45 million, a price-to-earnings ratio of 20.96, a PEG 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAYN. Geode Capital Management LLC grew its holdings in Haynes International by 2.0% during the third quarter. Geode Capital Management LLC now owns 298,479 shares of the basic materials company’s stock valued at $17,774,000 after purchasing an additional 5,767 shares during the period. Gabelli Funds LLC increased its holdings in Haynes International by 29.5% in the 2nd quarter. Gabelli Funds LLC now owns 179,371 shares of the basic materials company’s stock worth $10,529,000 after acquiring an additional 40,904 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Haynes International by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock valued at $9,446,000 after acquiring an additional 4,153 shares during the period. Rhumbline Advisers lifted its holdings in Haynes International by 3.2% during the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock valued at $2,347,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Haynes International by 71,414.3% during the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after purchasing an additional 24,995 shares during the period. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.