Haynes International (NASDAQ:HAYN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Haynes International (NASDAQ:HAYN - Free Report) in a research note released on Monday morning. The brokerage issued a hold rating on the basic materials company's stock.

A number of other equities analysts also recently issued reports on the stock. Noble Financial downgraded shares of Haynes International from an outperform rating to a market perform rating in a research note on Tuesday, February 6th. Northcoast Research reaffirmed a neutral rating on shares of Haynes International in a research report on Thursday, March 14th.

Haynes International Stock Down 0.2 %

NASDAQ:HAYN traded down $0.12 during mid-day trading on Monday, reaching $59.18. The company's stock had a trading volume of 68,448 shares, compared to its average volume of 212,572. The company has a quick ratio of 1.75, a current ratio of 7.63 and a debt-to-equity ratio of 0.25. Haynes International has a 1 year low of $41.15 and a 1 year high of $60.86. The stock has a fifty day moving average of $59.98 and a 200-day moving average of $55.74. The firm has a market capitalization of $756.50 million, a PE ratio of 19.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.42.

Haynes International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, May 31st. Haynes International's dividend payout ratio is currently 29.73%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HAYN. Covestor Ltd grew its holdings in Haynes International by 484.2% in the third quarter. Covestor Ltd now owns 1,589 shares of the basic materials company's stock worth $74,000 after purchasing an additional 1,317 shares during the last quarter. SG Americas Securities LLC purchased a new position in Haynes International during the 1st quarter worth $114,000. BNP Paribas Financial Markets increased its position in Haynes International by 67.1% during the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company's stock valued at $375,000 after buying an additional 2,504 shares in the last quarter. New York State Teachers Retirement System raised its stake in Haynes International by 2.4% in the fourth quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company's stock valued at $1,487,000 after buying an additional 600 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Haynes International by 352.9% in the fourth quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company's stock worth $1,554,000 after acquiring an additional 21,225 shares in the last quarter. Institutional investors own 97.31% of the company's stock.

About Haynes International

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.