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

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

Haynes International Trading Down 0.2 %

NASDAQ:HAYN traded down $0.13 during trading hours on Thursday, reaching $59.53. The company’s stock had a trading volume of 18,690 shares, compared to its average volume of 171,537. The firm has a market capitalization of $760.79 million, a price-to-earnings ratio of 20.16, a PEG ratio of 0.94 and a beta of 1.40. The firm has a 50-day simple moving average of $58.92 and a 200-day simple moving average of $58.89. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.75 and a current ratio of 7.63. Haynes International has a 1 year low of $41.15 and a 1 year high of $60.86.

Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data 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). Haynes International had a net margin of 6.31% and a return on equity of 8.79%. The company had revenue of $152.46 million during the quarter, compared to the consensus estimate of $160.52 million. Research analysts expect that Haynes International will post 3.02 EPS for the current fiscal year.

Haynes International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, May 31st. Haynes International’s dividend payout ratio (DPR) is 29.73%.

Institutional Investors Weigh In On Haynes International

Several institutional investors and hedge funds have recently bought and sold shares of HAYN. Bank of New York Mellon Corp lifted its position in shares of Haynes International by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock worth $9,446,000 after purchasing an additional 4,153 shares during the period. Gabelli Funds LLC purchased a new stake in Haynes International in the first quarter worth about $8,325,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Haynes International during the 1st quarter valued at approximately $7,070,000. Rhumbline Advisers raised its position in shares of Haynes International by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Haynes International by 16.9% in the first 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. Hedge funds and other institutional investors 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.