New York State Common Retirement Fund trimmed its stake in shares of Haynes International, Inc. (NASDAQ:HAYN) by 20.1% in the 4th quarter, HoldingsChannel reports. The fund owned 11,900 shares of the basic materials company’s stock after selling 3,000 shares during the period. New York State Common Retirement Fund’s holdings in Haynes International were worth $314,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in shares of Haynes International by 45.5% during the 3rd quarter. Renaissance Technologies LLC now owns 122,800 shares of the basic materials company’s stock worth $4,359,000 after acquiring an additional 38,400 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Haynes International by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,276,687 shares of the basic materials company’s stock valued at $45,323,000 after acquiring an additional 36,334 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Haynes International by 6.1% in the fourth quarter. Arizona State Retirement System now owns 19,256 shares of the basic materials company’s stock valued at $508,000 after purchasing an additional 1,110 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Haynes International by 46.4% in the third quarter. MetLife Investment Advisors LLC now owns 9,741 shares of the basic materials company’s stock valued at $346,000 after purchasing an additional 3,088 shares in the last quarter. Finally, Vanguard Group Inc increased its position in Haynes International by 2.9% in the third quarter. Vanguard Group Inc now owns 1,276,687 shares of the basic materials company’s stock worth $45,323,000 after purchasing an additional 36,334 shares during the last quarter. 99.22% of the stock is owned by institutional investors.
HAYN has been the topic of a number of recent research reports. BidaskClub upgraded Haynes International from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Finally, ValuEngine raised shares of Haynes International from a “sell” rating to a “hold” rating in a research note on Monday, March 25th.
Shares of NASDAQ HAYN opened at $35.79 on Friday. Haynes International, Inc. has a fifty-two week low of $24.46 and a fifty-two week high of $44.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.35 and a current ratio of 5.98.
Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data on Thursday, January 31st. The basic materials company reported ($0.13) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). Haynes International had a positive return on equity of 0.02% and a negative net margin of 0.18%. The company had revenue of $107.07 million for the quarter, compared to the consensus estimate of $104.63 million. As a group, equities research analysts predict that Haynes International, Inc. will post 1.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.46%. Haynes International’s dividend payout ratio (DPR) is -1,257.14%.
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Haynes International 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, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
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