Haynes International, Inc. (NASDAQ:HAYN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of Haynes International, Inc. (NASDAQ:HAYN) by 5.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,861 shares of the basic materials company’s stock after selling 1,500 shares during the quarter. New York State Teachers Retirement System owned 0.19% of Haynes International worth $1,421,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Haynes International during the first quarter worth approximately $114,000. BNP Paribas Financial Markets grew its holdings in shares of Haynes International by 67.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 2,504 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in shares of Haynes International during the 2nd quarter worth $526,000. Nisa Investment Advisors LLC raised its position in Haynes International by 71,414.3% during the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after acquiring an additional 24,995 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Haynes International by 16.9% during the 1st quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock valued at $1,915,000 after buying an additional 4,605 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Haynes International in a research note on Saturday, October 12th. They set a “hold” rating on the stock.

Haynes International Trading Up 0.1 %

Shares of HAYN opened at $60.55 on Friday. The firm has a market capitalization of $773.83 million, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 0.74 and a beta of 1.39. The company has a current ratio of 7.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $59.74 and its 200 day simple moving average is $59.44. Haynes International, Inc. has a twelve month low of $45.87 and a twelve month high of $60.86.

Haynes International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.88 annualized dividend and a yield of 1.45%. Haynes International’s payout ratio is 30.24%.

Insider Buying and Selling

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $59.66, for a total value of $402,347.04. Following the transaction, the chief financial officer now owns 30,287 shares in the company, valued at $1,806,922.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.10% of the stock is owned by corporate insiders.

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, 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.