New York State Teachers Retirement System Increases Position in Haynes International, Inc. (NASDAQ:HAYN)

New York State Teachers Retirement System raised its position in shares of Haynes International, Inc. (NASDAQ:HAYN) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,061 shares of the basic materials company’s stock after buying an additional 600 shares during the period. New York State Teachers Retirement System owned about 0.20% of Haynes International worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Edenbrook Capital LLC lifted its stake in Haynes International by 2.8% during the 1st quarter. Edenbrook Capital LLC now owns 1,041,492 shares of the basic materials company’s stock worth $44,368,000 after acquiring an additional 28,700 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Haynes International by 0.5% during the first quarter. Vanguard Group Inc. now owns 717,900 shares of the basic materials company’s stock worth $30,583,000 after purchasing an additional 3,903 shares in the last quarter. State Street Corp boosted its stake in shares of Haynes International by 23.3% in the first quarter. State Street Corp now owns 602,492 shares of the basic materials company’s stock valued at $25,666,000 after purchasing an additional 113,889 shares during the period. Geode Capital Management LLC grew its holdings in shares of Haynes International by 5.3% in the second quarter. Geode Capital Management LLC now owns 259,111 shares of the basic materials company’s stock valued at $13,168,000 after purchasing an additional 12,993 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Haynes International by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 171,391 shares of the basic materials company’s stock worth $6,019,000 after buying an additional 3,902 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HAYN shares. StockNews.com assumed coverage on shares of Haynes International in a research note on Thursday, April 11th. They issued a “hold” rating for the company. Noble Financial downgraded Haynes International from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 6th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Haynes International in a research report on Thursday, March 14th.

Haynes International Trading Down 0.2 %

NASDAQ HAYN opened at $60.43 on Thursday. Haynes International, Inc. has a 52 week low of $41.15 and a 52 week high of $60.86. The firm has a 50 day moving average of $59.88 and a two-hundred day moving average of $53.67. The company has a quick ratio of 1.69, a current ratio of 7.62 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $772.30 million, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

Haynes International (NASDAQ:HAYN) last released its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.10). The firm had revenue of $147.36 million for the quarter, compared to analysts’ expectations of $151.94 million. Haynes International had a return on equity of 9.89% and a net margin of 6.94%. During the same period last year, the firm posted $0.61 earnings per share. As a group, research analysts expect that Haynes International, Inc. will post 4.06 EPS for the current fiscal year.

Haynes International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. Haynes International’s payout ratio is currently 26.99%.

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.