Prudential Financial Inc. lowered its position in Haynes International, Inc. (NASDAQ:HAYN) by 29.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,785 shares of the basic materials company’s stock after selling 8,954 shares during the period. Prudential Financial Inc. owned 0.17% of Haynes International worth $830,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Haynes International during the fourth quarter worth $14,499,000. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $33,397,000 after buying an additional 89,714 shares during the last quarter. TFS Capital LLC bought a new stake in shares of Haynes International during the first quarter valued at approximately $782,000. AQR Capital Management LLC raised its stake in shares of Haynes International by 109.2% in the fourth quarter. AQR Capital Management LLC now owns 24,932 shares of the basic materials company’s stock valued at $1,072,000 after buying an additional 13,013 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Haynes International by 8.6% in the first quarter. Foundry Partners LLC now owns 150,945 shares of the basic materials company’s stock valued at $5,754,000 after buying an additional 11,975 shares during the last quarter. Institutional investors and hedge funds own 98.19% of the company’s stock.
Haynes International, Inc. (NASDAQ:HAYN) opened at 31.28 on Tuesday. Haynes International, Inc. has a 52 week low of $29.92 and a 52 week high of $48.37. The firm has a market cap of $387.87 million, a P/E ratio of 118.04 and a beta of 1.54. The company has a 50-day moving average of $34.91 and a 200 day moving average of $37.88.
Several equities research analysts have commented on HAYN shares. Zacks Investment Research upgraded shares of Haynes International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 10th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $26.00 price target (down previously from $33.50) on shares of Haynes International in a research note on Saturday, July 22nd. Finally, Longbow Research raised Haynes International from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $37.33.
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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