StockNews.com Downgrades Haynes International (NASDAQ:HAYN) to Sell

Haynes International (NASDAQ:HAYN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Haynes International Stock Up 0.0 %

Haynes International stock opened at $60.97 on Monday. Haynes International has a twelve month low of $47.69 and a twelve month high of $61.00. The business has a fifty day moving average of $59.89 and a two-hundred day moving average of $59.47. The firm has a market cap of $779.20 million, a P/E ratio of 20.95, a P/E/G ratio of 0.85 and a beta of 1.39. The company has a quick ratio of 1.89, a current ratio of 7.74 and a debt-to-equity ratio of 0.22.

Insider Activity

In related news, CFO Daniel W. Maudlin sold 6,744 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $59.66, for a total transaction of $402,347.04. Following the transaction, the chief financial officer now directly owns 30,287 shares in the company, valued at $1,806,922.42. The trade was a 18.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Haynes International

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Haynes International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 298,479 shares of the basic materials company’s stock valued at $17,774,000 after purchasing an additional 5,767 shares during the last quarter. Gabelli Funds LLC raised its holdings 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 buying an additional 40,904 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 buying an additional 4,153 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Haynes International during the first quarter valued at $7,070,000. Finally, Rhumbline Advisers raised its stake in shares of Haynes International by 3.2% in the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after purchasing an additional 1,245 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Haynes International Company 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, 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.