Vanguard Group Inc. Has $43.65 Million Stake in Haynes International, Inc. (HAYN)
Vanguard Group Inc. increased its position in Haynes International, Inc. (NASDAQ:HAYN) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,202,116 shares of the basic materials company’s stock after buying an additional 21,216 shares during the period. Vanguard Group Inc. owned about 9.69% of Haynes International worth $43,649,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in shares of Haynes International by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 53,430 shares of the basic materials company’s stock valued at $2,037,000 after buying an additional 2,724 shares during the last quarter. Cadence Capital Management LLC acquired a new position in shares of Haynes International in the second quarter valued at approximately $588,000. Bank of America Corp DE raised its position in shares of Haynes International by 35.9% in the first quarter. Bank of America Corp DE now owns 23,315 shares of the basic materials company’s stock valued at $889,000 after buying an additional 6,157 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Haynes International by 3.5% in the first quarter. Thrivent Financial For Lutherans now owns 7,010 shares of the basic materials company’s stock valued at $267,000 after buying an additional 240 shares during the last quarter. Finally, Investment Counselors of Maryland LLC raised its position in shares of Haynes International by 4.8% in the second quarter. Investment Counselors of Maryland LLC now owns 345,300 shares of the basic materials company’s stock valued at $12,538,000 after buying an additional 15,900 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.
HAYN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Haynes International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 30th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $26.00 price objective (down previously from $33.50) on shares of Haynes International in a research report on Saturday, July 22nd. Finally, ValuEngine lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Haynes International currently has an average rating of “Hold” and a consensus price target of $36.50.
Haynes International, Inc. (NASDAQ:HAYN) opened at $34.87 on Monday. Haynes International, Inc. has a 52-week low of $28.97 and a 52-week high of $48.37. The company has a quick ratio of 1.96, a current ratio of 6.15 and a debt-to-equity ratio of 0.03.
Haynes International (NASDAQ:HAYN) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.02). Haynes International had a negative return on equity of 1.59% and a negative net margin of 0.84%. The company had revenue of $97.98 million for the quarter, compared to analyst estimates of $97.54 million. During the same period last year, the company posted $0.22 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. sell-side analysts expect that Haynes International, Inc. will post -0.79 earnings per share for the current fiscal year.
About Haynes International
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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