Gamco Investors INC. ET AL increased its stake in Haynes International, Inc. (NASDAQ:HAYN) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 130,795 shares of the basic materials company’s stock after purchasing an additional 10,800 shares during the quarter. Gamco Investors INC. ET AL owned approximately 1.05% of Haynes International worth $4,697,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Haynes International by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,202,116 shares of the basic materials company’s stock worth $43,649,000 after purchasing an additional 21,216 shares during the period. Royce & Associates LP raised its holdings in Haynes International by 2.6% during the second quarter. Royce & Associates LP now owns 1,093,999 shares of the basic materials company’s stock valued at $39,723,000 after acquiring an additional 27,400 shares during the period. Dimensional Fund Advisors LP raised its holdings in Haynes International by 10.3% during the second quarter. Dimensional Fund Advisors LP now owns 949,737 shares of the basic materials company’s stock valued at $34,485,000 after acquiring an additional 88,869 shares during the period. State Street Corp raised its holdings in Haynes International by 7.1% during the second quarter. State Street Corp now owns 426,006 shares of the basic materials company’s stock valued at $15,469,000 after acquiring an additional 28,260 shares during the period. Finally, Investment Counselors of Maryland LLC raised its holdings in Haynes International by 4.8% during 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 acquiring an additional 15,900 shares during the period. 99.67% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. Zacks Investment Research raised Haynes International from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. J P Morgan Chase & Co reissued a “neutral” rating and set a $26.00 price target (down from $33.50) on shares of Haynes International in a report on Saturday, July 22nd. Finally, ValuEngine cut Haynes International from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.50.
Shares of Haynes International, Inc. (NASDAQ:HAYN) opened at $33.29 on Friday. Haynes International, Inc. has a twelve month low of $28.97 and a twelve month high of $48.37. The company has a current ratio of 6.15, a quick ratio of 1.96 and a debt-to-equity ratio of 0.03.
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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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