Haynes International, Inc. (HAYN) Holdings Held by Arizona State Retirement System

Arizona State Retirement System maintained its position in shares of Haynes International, Inc. (NASDAQ:HAYN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,565 shares of the basic materials company’s stock at the close of the 2nd quarter. Arizona State Retirement System owned approximately 0.05% of Haynes International worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HAYN. Teachers Advisors LLC raised its holdings in Haynes International by 17.1% during the 4th quarter. Teachers Advisors LLC now owns 21,640 shares of the basic materials company’s stock worth $930,000 after buying an additional 3,165 shares during the period. Bank of Montreal Can raised its holdings in Haynes International by 8.0% during the 1st quarter. Bank of Montreal Can now owns 30,915 shares of the basic materials company’s stock worth $1,178,000 after buying an additional 2,299 shares during the period. Nationwide Fund Advisors raised its holdings in Haynes International by 1.4% during the 1st quarter. Nationwide Fund Advisors now owns 10,130 shares of the basic materials company’s stock worth $386,000 after buying an additional 137 shares during the period. Wells Fargo & Company MN raised its holdings in Haynes International by 57.7% during the 1st quarter. Wells Fargo & Company MN now owns 13,835 shares of the basic materials company’s stock worth $528,000 after buying an additional 5,063 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in Haynes International by 8.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 17,250 shares of the basic materials company’s stock worth $657,000 after buying an additional 1,352 shares during the period. Hedge funds and other institutional investors own 98.64% of the company’s stock.

Several analysts have issued reports on the company. ValuEngine downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $26.00 price objective (down previously from $33.50) on shares of Haynes International in a report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $36.50.

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Shares of Haynes International, Inc. (NASDAQ:HAYN) opened at 30.69 on Wednesday. Haynes International, Inc. has a 12-month low of $28.97 and a 12-month high of $48.37. The firm’s market cap is $380.56 million. The firm’s 50-day moving average price is $30.64 and its 200 day moving average price is $35.61.

Haynes International (NASDAQ:HAYN) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.02). Haynes International had a negative net margin of 0.84% and a negative return on equity of 1.59%. The business had revenue of $97.98 million for the quarter, compared to the consensus estimate of $97.54 million. During the same quarter last year, the firm earned $0.22 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts expect that Haynes International, Inc. will post ($0.77) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, August 30th. Haynes International’s dividend payout ratio (DPR) is presently -314.29%.

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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Institutional Ownership by Quarter for Haynes International (NASDAQ:HAYN)

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