New York State Teachers Retirement System Grows Stock Holdings in Haynes International, Inc. (NASDAQ:HAYN)

New York State Teachers Retirement System raised its holdings in Haynes International, Inc. (NASDAQ:HAYN) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 26,061 shares of the basic materials company’s stock after acquiring an additional 600 shares during the period. New York State Teachers Retirement System’s holdings in Haynes International were worth $1,487,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HAYN. Diamond Hill Capital Management Inc. acquired a new stake in shares of Haynes International in the third quarter worth approximately $1,698,000. Covestor Ltd raised its stake in Haynes International by 484.2% during 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 period. Foundry Partners LLC grew its stake in shares of Haynes International by 10.1% during the 3rd quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock valued at $4,788,000 after buying an additional 9,435 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Haynes International by 12.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,737 shares of the basic materials company’s stock worth $457,000 after buying an additional 1,147 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Haynes International by 9.1% in the 1st quarter. Citigroup Inc. now owns 10,391 shares of the basic materials company’s stock worth $443,000 after buying an additional 865 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Haynes International Stock Down 0.2 %

Shares of Haynes International stock opened at $60.43 on Thursday. Haynes International, Inc. has a twelve month low of $41.15 and a twelve month high of $60.86. The stock has a market cap of $772.30 million, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The company has a current ratio of 7.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $59.88 and a 200 day moving average price of $53.67.

Haynes International (NASDAQ:HAYN) last issued its earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.10). Haynes International had a return on equity of 9.89% and a net margin of 6.94%. The company had revenue of $147.36 million during the quarter, compared to analysts’ expectations of $151.94 million. During the same period in the previous year, the company earned $0.61 EPS. Equities research analysts forecast that Haynes International, Inc. will post 4.06 earnings per share for the current fiscal year.

Haynes International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, February 29th. Haynes International’s dividend payout ratio (DPR) is 26.99%.

Analyst Ratings Changes

Several brokerages have commented on HAYN. StockNews.com assumed coverage on Haynes International in a research note on Thursday, April 11th. They set a “hold” rating for the company. Northcoast Research reissued a “neutral” rating on shares of Haynes International in a research report on Thursday, March 14th. Finally, Noble Financial lowered shares of Haynes International from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 6th.

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.