Charles Schwab Investment Management Inc. Increases Position in Haynes International, Inc. (NASDAQ:HAYN)

Charles Schwab Investment Management Inc. lifted its stake in Haynes International, Inc. (NASDAQ:HAYN) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,775 shares of the basic materials company’s stock after acquiring an additional 1,117 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of Haynes International worth $3,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Haynes International by 0.8% in the 2nd quarter. BlackRock Inc. now owns 2,136,003 shares of the basic materials company’s stock worth $75,570,000 after acquiring an additional 17,098 shares in the last quarter. Edenbrook Capital LLC increased its position in Haynes International by 3.2% during the 2nd quarter. Edenbrook Capital LLC now owns 955,046 shares of the basic materials company’s stock valued at $33,790,000 after buying an additional 29,864 shares in the last quarter. Bank of Montreal Can increased its position in Haynes International by 51.6% during the 2nd quarter. Bank of Montreal Can now owns 473,965 shares of the basic materials company’s stock valued at $17,324,000 after buying an additional 161,346 shares in the last quarter. State Street Corp increased its position in Haynes International by 4.2% during the 2nd quarter. State Street Corp now owns 416,961 shares of the basic materials company’s stock valued at $14,752,000 after buying an additional 16,910 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its position in Haynes International by 58.4% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 298,571 shares of the basic materials company’s stock valued at $10,563,000 after buying an additional 110,054 shares in the last quarter. 95.77% of the stock is owned by hedge funds and other institutional investors.

Shares of HAYN stock opened at $44.02 on Thursday. The firm has a market capitalization of $553.16 million, a price-to-earnings ratio of -62.00 and a beta of 1.43. Haynes International, Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $47.08. The company has a 50-day moving average price of $39.82. The company has a quick ratio of 1.52, a current ratio of 4.87 and a debt-to-equity ratio of 0.02.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Thursday, November 18th. The basic materials company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.13. Haynes International had a negative return on equity of 2.82% and a negative net margin of 2.57%. During the same period in the prior year, the company earned ($0.46) earnings per share. On average, equities analysts expect that Haynes International, Inc. will post 0.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, November 30th. Haynes International’s payout ratio is currently -123.94%.

Separately, Zacks Investment Research lowered Haynes International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 6th.

Haynes International Company Profile

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: Dividend Kings

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.