Haynes International (NASDAQ:HAYN) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.
Several other analysts have also commented on HAYN. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. ValuEngine lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. raised shares of Haynes International from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.00.
Shares of Haynes International stock opened at $37.56 on Thursday. The company has a market cap of $488.17, a P/E ratio of -14.50 and a beta of 1.34. The company has a current ratio of 6.02, a quick ratio of 1.67 and a debt-to-equity ratio of 0.03. Haynes International has a 12-month low of $28.97 and a 12-month high of $45.14.
Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its holdings in Haynes International by 1.4% in the 4th quarter. Royce & Associates LP now owns 1,137,816 shares of the basic materials company’s stock valued at $36,467,000 after purchasing an additional 15,610 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Haynes International by 6.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 28,265 shares of the basic materials company’s stock valued at $906,000 after purchasing an additional 1,648 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Haynes International by 1,968.2% in the 3rd quarter. Wells Fargo & Company MN now owns 191,428 shares of the basic materials company’s stock valued at $6,875,000 after purchasing an additional 182,172 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Haynes International in the 4th quarter valued at approximately $1,156,000. Finally, Victory Capital Management Inc. increased its holdings in Haynes International by 16.1% in the 4th quarter. Victory Capital Management Inc. now owns 51,200 shares of the basic materials company’s stock valued at $1,641,000 after purchasing an additional 7,100 shares during the last quarter. Hedge funds and other institutional investors own 98.56% 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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