Haynes International (NASDAQ:HAYN) Downgraded to “Sell” Rating by StockNews.com

Haynes International (NASDAQ:HAYN) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Haynes International Stock Up 0.0 %

Shares of NASDAQ:HAYN traded up $0.03 during midday trading on Monday, reaching $60.96. The company’s stock had a trading volume of 336,441 shares, compared to its average volume of 158,538. The firm has a 50 day moving average of $59.86 and a 200-day moving average of $59.45. The firm has a market capitalization of $779.07 million, a P/E ratio of 20.95, 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. Haynes International has a 12-month low of $47.69 and a 12-month high of $60.96.

Insider Transactions at Haynes International

In related news, CFO Daniel W. Maudlin sold 6,744 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $59.66, for a total transaction of $402,347.04. Following the sale, the chief financial officer now directly owns 30,287 shares of the company’s stock, valued at approximately $1,806,922.42. This represents a 18.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.10% of the company’s stock.

Institutional Trading of Haynes International

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in Haynes International by 8.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 220 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Haynes International by 3.2% during the 2nd quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock valued at $2,347,000 after acquiring an additional 1,245 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Haynes International during the 1st quarter valued at about $114,000. Bank of New York Mellon Corp boosted its holdings in shares of Haynes International by 2.6% during the 2nd 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 acquiring an additional 4,153 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Haynes International by 16.9% during the 1st quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock valued at $1,915,000 after acquiring an additional 4,605 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.