Ameriprise Financial Inc. lowered its position in shares of Haynes International, Inc. (NASDAQ:HAYN) by 4.6% during the first quarter, Holdings Channel reports. The fund owned 70,731 shares of the basic materials company’s stock after selling 3,426 shares during the period. Ameriprise Financial Inc.’s holdings in Haynes International were worth $2,697,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HAYN. Dimensional Fund Advisors LP increased its position in Haynes International by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 776,849 shares of the basic materials company’s stock worth $33,397,000 after buying an additional 89,714 shares during the last quarter. Two Sigma Investments LP increased its position in Haynes International by 10.6% in the fourth quarter. Two Sigma Investments LP now owns 44,186 shares of the basic materials company’s stock worth $1,900,000 after buying an additional 4,241 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Haynes International by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,770 shares of the basic materials company’s stock worth $291,000 after buying an additional 410 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in Haynes International during the fourth quarter worth about $321,000. Finally, Teachers Advisors LLC increased its position in Haynes International by 17.1% in the fourth quarter. Teachers Advisors LLC now owns 21,640 shares of the basic materials company’s stock worth $930,000 after buying an additional 3,165 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.
Shares of Haynes International, Inc. (HAYN) opened at 36.11 on Monday. The company has a market capitalization of $447.76 million, a PE ratio of 136.26 and a beta of 1.54. The stock has a 50 day moving average price of $36.63 and a 200-day moving average price of $39.45. Haynes International, Inc. has a 52 week low of $31.02 and a 52 week high of $48.37.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Tuesday, May 30th. Haynes International’s dividend payout ratio is currently 338.47%.
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HAYN has been the topic of a number of research reports. Longbow Research initiated coverage on shares of Haynes International in a research report on Tuesday, March 21st. They set a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.67.
Haynes International Company Profile
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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