StockNews.com Initiates Coverage on Haynes International (NASDAQ:HAYN)

Investment analysts at StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN) in a research report issued on Monday. The firm set a “hold” rating on the basic materials company’s stock.

Separately, Northcoast Research restated a “neutral” rating on shares of Haynes International in a report on Thursday, March 14th.

Haynes International Trading Up 0.2 %

Shares of HAYN opened at $59.05 on Monday. The stock has a fifty day moving average of $58.86 and a two-hundred day moving average of $58.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.75 and a current ratio of 7.63. The company has a market capitalization of $754.66 million, a PE ratio of 19.95, a price-to-earnings-growth ratio of 0.93 and a beta of 1.40. Haynes International has a fifty-two week low of $41.15 and a fifty-two week high of $60.86.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.20). The business had revenue of $152.46 million during the quarter, compared to analyst estimates of $160.52 million. Haynes International had a net margin of 6.31% and a return on equity of 8.79%. As a group, analysts forecast that Haynes International will post 3.02 EPS for the current year.

Institutional Trading of Haynes International

A number of institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its position in Haynes International by 2.4% during the 4th quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after purchasing an additional 600 shares during the period. SG Americas Securities LLC purchased a new stake in Haynes International during the 1st quarter worth $114,000. BNP Paribas Financial Markets boosted its position in Haynes International by 67.1% during the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 2,504 shares during the period. Russell Investments Group Ltd. boosted its position in Haynes International by 16.9% during the 1st quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock worth $1,915,000 after purchasing an additional 4,605 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Haynes International during the 1st quarter worth $7,070,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

About Haynes International

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.