Haynes International, Inc. (HAYN) Holdings Lifted by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans raised its holdings in Haynes International, Inc. (NASDAQ:HAYN) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,540 shares of the basic materials company’s stock after purchasing an additional 530 shares during the quarter. Thrivent Financial For Lutherans owned 0.06% of Haynes International worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in HAYN. Municipal Employees Retirement System of Michigan grew its stake in Haynes International by 4.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,950 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 130 shares during the period. Mason Street Advisors LLC grew its stake in Haynes International by 7.1% in the 1st quarter. Mason Street Advisors LLC now owns 2,925 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 195 shares during the period. SG Americas Securities LLC bought a new position in Haynes International in the 2nd quarter valued at $140,000. BNP Paribas Arbitrage SA grew its stake in Haynes International by 50.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,098 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 1,370 shares during the period. Finally, Karp Capital Management Corp bought a new position in Haynes International in the 1st quarter valued at $229,000. Hedge funds and other institutional investors own 98.64% of the company’s stock.

HAYN has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. J P Morgan Chase & Co restated a “neutral” rating and issued a $26.00 price objective (down previously from $33.50) on shares of Haynes International in a research note on Saturday, July 22nd. Finally, ValuEngine downgraded Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Haynes International has a consensus rating of “Hold” and an average price target of $36.50.

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Haynes International, Inc. (NASDAQ:HAYN) opened at 36.80 on Monday. Haynes International, Inc. has a 52 week low of $28.97 and a 52 week high of $48.37. The company’s market cap is $456.32 million. The firm has a 50-day moving average price of $34.59 and a 200-day moving average price of $35.16.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.02). Haynes International had a negative return on equity of 1.59% and a negative net margin of 0.84%. The firm had revenue of $97.98 million during the quarter, compared to the consensus estimate of $97.54 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that Haynes International, Inc. will post ($0.77) EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Haynes International (NASDAQ:HAYN)

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