Haynes International (NASDAQ:HAYN) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN) in a report issued on Saturday morning. The brokerage issued a hold rating on the basic materials company’s stock.

HAYN has been the topic of several other research reports. Noble Financial downgraded shares of Haynes International from an outperform rating to a market perform rating in a research note on Tuesday, February 6th. Northcoast Research restated a neutral rating on shares of Haynes International in a research note on Thursday, March 14th.

Haynes International Trading Up 0.0 %

NASDAQ:HAYN opened at $60.31 on Friday. Haynes International has a 12 month low of $41.15 and a 12 month high of $60.86. The firm has a market cap of $770.76 million, a price-to-earnings ratio of 18.50, a P/E/G ratio of 0.75 and a beta of 1.43. The company has a quick ratio of 1.69, a current ratio of 7.62 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $59.98 and its 200-day moving average is $54.40.

Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.10). The company had revenue of $147.36 million during the quarter, compared to analyst estimates of $151.94 million. Haynes International had a return on equity of 9.89% and a net margin of 6.94%. During the same quarter in the previous year, the business posted $0.61 EPS. Equities analysts anticipate that Haynes International will post 3.83 EPS for the current year.

Haynes International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.46%. Haynes International’s dividend payout ratio is currently 26.99%.

Institutional Investors Weigh In On Haynes International

Institutional investors have recently bought and sold shares of the business. Covestor Ltd boosted its stake in Haynes International by 484.2% during the third quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock worth $74,000 after buying an additional 1,317 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Haynes International by 2.4% during the fourth quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after buying an additional 600 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Haynes International by 352.9% in the 4th quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock valued at $1,554,000 after purchasing an additional 21,225 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of Haynes International in the 3rd quarter valued at $1,698,000. Finally, Foundry Partners LLC boosted its stake in shares of Haynes International by 10.1% in the 3rd quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock valued at $4,788,000 after purchasing an additional 9,435 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Haynes International Company Profile

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.