StockNews.com Begins Coverage on Haynes International (NASDAQ:HAYN)

Research analysts at StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYN) in a report issued on Thursday. The firm set a “hold” rating on the basic materials company’s stock.

Haynes International Price Performance

HAYN opened at $60.99 on Thursday. Haynes International has a 12-month low of $47.69 and a 12-month high of $61.01. The firm has a market capitalization of $779.45 million, a P/E ratio of 20.96, a PEG 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. The stock has a fifty day moving average of $60.48 and a 200-day moving average of $59.67.

Institutional Investors Weigh In On Haynes International

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Haynes International by 2.0% during the third quarter. Geode Capital Management LLC now owns 298,479 shares of the basic materials company’s stock valued at $17,774,000 after acquiring an additional 5,767 shares during the period. Gabelli Funds LLC grew its holdings in shares of Haynes International by 29.5% during the 2nd quarter. Gabelli Funds LLC now owns 179,371 shares of the basic materials company’s stock worth $10,529,000 after purchasing an additional 40,904 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $9,446,000 after purchasing an additional 4,153 shares during the period. Rhumbline Advisers increased its position in shares of Haynes International by 3.2% during the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock valued at $2,347,000 after purchasing an additional 1,245 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after purchasing an additional 24,995 shares in the last quarter. Institutional investors 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.