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

Haynes International (NASDAQ:HAYN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Haynes International Price Performance

Shares of NASDAQ:HAYN opened at $60.99 on Tuesday. Haynes International has a 1 year low of $47.69 and a 1 year high of $61.01. The company has a market capitalization of $779.45 million, a PE ratio of 20.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.39. The business has a fifty day moving average price of $60.08 and a two-hundred day moving average price of $59.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89.

Insider Transactions at Haynes International

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the stock in a transaction on 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. This represents a 18.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.10% of the stock is currently owned by company insiders.

Institutional Trading of Haynes International

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Haynes International by 8.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock worth $165,000 after acquiring an additional 220 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Haynes International in the second quarter valued at approximately $526,000. SG Americas Securities LLC lifted its stake in shares of Haynes International by 1,035.8% during the 2nd quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock valued at $1,262,000 after buying an additional 19,608 shares in the last quarter. Anson Funds Management LP purchased a new stake in shares of Haynes International during the 3rd quarter valued at approximately $1,445,000. Finally, Nisa Investment Advisors LLC grew its stake in Haynes International by 71,414.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after buying an additional 24,995 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Haynes International Company Profile

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.