BidaskClub upgraded shares of Haynes International (NASDAQ:HAYN) from a sell rating to a hold rating in a report issued on Thursday.

Several other research analysts have also weighed in on HAYN. KeyCorp reiterated a hold rating on shares of Haynes International in a research note on Thursday, November 16th. Zacks Investment Research lowered shares of Haynes International from a hold rating to a sell rating in a research note on Thursday, November 23rd. Finally, ValuEngine lowered shares of Haynes International from a hold rating to a sell rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $36.50.

Haynes International (NASDAQ:HAYN) traded down $0.52 during trading on Thursday, reaching $32.77. 49,878 shares of the company’s stock traded hands, compared to its average volume of 97,901. The firm has a market cap of $403.48, a price-to-earnings ratio of -39.96 and a beta of 1.47. The company has a current ratio of 6.49, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02. Haynes International has a 1 year low of $28.97 and a 1 year high of $45.95.

Haynes International (NASDAQ:HAYN) last released its quarterly earnings data on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.06). The company had revenue of $100.80 million during the quarter, compared to analyst estimates of $100.19 million. Haynes International had a negative net margin of 3.63% and a negative return on equity of 4.59%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. research analysts expect that Haynes International will post 0.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.88 annualized dividend and a yield of 2.69%. Haynes International’s dividend payout ratio is presently -107.32%.

In other Haynes International news, Director Dawne S. Hickton purchased 2,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average price of $31.50 per share, for a total transaction of $63,000.00. Following the purchase, the director now directly owns 5,300 shares in the company, valued at approximately $166,950. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.41% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its stake in shares of Haynes International by 4.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,950 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 130 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Haynes International during the 2nd quarter worth $140,000. BNP Paribas Arbitrage SA increased its stake in shares of Haynes International by 50.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,098 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 1,370 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Haynes International during the 2nd quarter worth $255,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of Haynes International by 7.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,540 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 530 shares during the last quarter. Institutional investors own 98.56% of the company’s stock.

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Haynes International Company Profile

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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