Granite Investment Partners LLC lifted its stake in shares of Haynes International, Inc. (NASDAQ:HAYN) by 87.7% in the 1st quarter, HoldingsChannel reports. The fund owned 41,159 shares of the basic materials company’s stock after acquiring an additional 19,234 shares during the quarter. Granite Investment Partners LLC’s holdings in Haynes International were worth $1,351,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HAYN. Boston Partners increased its position in shares of Haynes International by 41.7% during the fourth quarter. Boston Partners now owns 516,290 shares of the basic materials company’s stock worth $13,630,000 after acquiring an additional 151,884 shares in the last quarter. BlackRock Inc. grew its position in Haynes International by 3.0% in the fourth quarter. BlackRock Inc. now owns 1,881,736 shares of the basic materials company’s stock valued at $49,681,000 after purchasing an additional 54,403 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Haynes International by 62.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 42,732 shares of the basic materials company’s stock valued at $1,128,000 after purchasing an additional 16,355 shares in the last quarter. Bank of America Corp DE grew its position in Haynes International by 77.6% in the fourth quarter. Bank of America Corp DE now owns 35,377 shares of the basic materials company’s stock valued at $934,000 after purchasing an additional 15,452 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Haynes International by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 138,845 shares of the basic materials company’s stock valued at $3,665,000 after purchasing an additional 11,286 shares in the last quarter. 98.10% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. BidaskClub downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, ValuEngine raised shares of Haynes International from a “sell” rating to a “hold” rating in a research report on Monday, March 25th.

Haynes International stock traded down $0.22 during mid-day trading on Wednesday, reaching $30.37. The company’s stock had a trading volume of 863 shares, compared to its average volume of 51,476. The company has a market cap of $381.22 million, a P/E ratio of -434.57 and a beta of 1.71. Haynes International, Inc. has a 12 month low of $24.46 and a 12 month high of $43.20. The company has a current ratio of 5.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03.

Haynes International (NASDAQ:HAYN) last released its earnings results on Thursday, May 2nd. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The business had revenue of $127.47 million during the quarter, compared to the consensus estimate of $119.64 million. Haynes International had a net margin of 0.58% and a return on equity of 1.12%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the business posted ($0.17) EPS. On average, equities research analysts forecast that Haynes International, Inc. will post 0.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, May 30th. Haynes International’s dividend payout ratio (DPR) is currently -1,257.14%.

TRADEMARK VIOLATION WARNING: This piece was first reported by Marea Informative and is owned by of Marea Informative. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.mareainformativa.com/news/2019/06/12/granite-investment-partners-llc-raises-stake-in-haynes-international-inc-nasdaqhayn.html.

About Haynes International

Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.

Recommended Story: Net Income

Want to see what other hedge funds are holding HAYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Haynes International, Inc. (NASDAQ:HAYN).

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

Receive News & Ratings for Haynes International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International and related companies with MarketBeat.com's FREE daily email newsletter.