Foundry Partners LLC reduced its holdings in shares of Haynes International, Inc. (NASDAQ:HAYN) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,705 shares of the basic materials company’s stock after selling 17,625 shares during the period. Foundry Partners LLC owned 1.56% of Haynes International worth $6,194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Granite Investment Partners LLC raised its holdings in Haynes International by 87.7% in the 1st quarter. Granite Investment Partners LLC now owns 41,159 shares of the basic materials company’s stock valued at $1,351,000 after buying an additional 19,234 shares during the period. Victory Capital Management Inc. increased its stake in Haynes International by 16.2% during the first quarter. Victory Capital Management Inc. now owns 49,600 shares of the basic materials company’s stock worth $1,628,000 after purchasing an additional 6,900 shares during the period. Texas Permanent School Fund increased its stake in Haynes International by 3.9% during the first quarter. Texas Permanent School Fund now owns 8,499 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 317 shares during the period. SG Americas Securities LLC purchased a new stake in Haynes International during the first quarter worth about $160,000. Finally, Bank of Montreal Can increased its stake in Haynes International by 3.8% during the first quarter. Bank of Montreal Can now owns 219,451 shares of the basic materials company’s stock worth $7,204,000 after purchasing an additional 8,005 shares during the period. 97.89% of the stock is owned by institutional investors.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.

NASDAQ:HAYN traded down $0.50 on Tuesday, reaching $30.20. 30,707 shares of the company’s stock were exchanged, compared to its average volume of 48,774. The company has a quick ratio of 1.48, a current ratio of 5.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $384.23 million, a price-to-earnings ratio of -431.43 and a beta of 1.70. The business has a fifty day simple moving average of $31.08. Haynes International, Inc. has a 52-week low of $24.46 and a 52-week high of $43.20.

Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). Haynes International had a return on equity of 1.12% and a net margin of 0.58%. The company had revenue of $127.47 million for the quarter, compared to analyst estimates of $119.64 million. During the same period in the prior year, the firm posted ($0.17) earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, research analysts anticipate that Haynes International, Inc. will post 0.98 EPS for the current year.

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.

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

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