Haynes International (NASDAQ:HAYN) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the basic materials company’s stock.

Haynes International Trading Up 0.0 %

Haynes International stock opened at $60.99 on Thursday. The company has a 50 day moving average price of $60.51 and a 200 day moving average price of $59.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74. Haynes International has a 52 week low of $47.69 and a 52 week high of $61.01. The firm has a market capitalization of $779.45 million, a price-to-earnings ratio of 20.96, a P/E/G ratio of 0.85 and a beta of 1.39.

Institutional Investors Weigh In On Haynes International

A number of institutional investors have recently bought and sold shares of HAYN. SG Americas Securities LLC increased its holdings in shares of Haynes International by 1,035.8% in 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 purchasing an additional 19,608 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in Haynes International in the 2nd quarter worth approximately $526,000. Nisa Investment Advisors LLC boosted its stake in shares of Haynes International by 71,414.3% during 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 during the period. Gabelli Funds LLC increased its stake in shares of Haynes International by 29.5% in the second 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. Finally, Bank of New York Mellon Corp raised its holdings in shares of Haynes International by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock worth $9,446,000 after acquiring an additional 4,153 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.