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

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

Other analysts have also issued research reports about the company. Noble Financial lowered Haynes International from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 6th. Northcoast Research restated a “neutral” rating on shares of Haynes International in a report on Thursday, March 14th.

Haynes International Stock Up 0.0 %

Shares of HAYN opened at $60.31 on Friday. The stock has a market capitalization of $770.94 million, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.43. Haynes International has a 1 year low of $41.15 and a 1 year high of $60.86. The business’s 50 day simple moving average is $59.98 and its 200-day simple moving average is $54.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.62 and a quick ratio of 1.69.

Haynes International (NASDAQ:HAYN) last issued 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). Haynes International had a return on equity of 9.89% and a net margin of 6.94%. The firm had revenue of $147.36 million for the quarter, compared to analysts’ expectations of $151.94 million. During the same period last year, the company earned $0.61 earnings per share. As a group, equities analysts expect that Haynes International will post 3.83 earnings per share for the current fiscal year.

Institutional Trading of Haynes International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd increased its stake in Haynes International by 484.2% in the third quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 1,317 shares during the period. New York State Teachers Retirement System increased its stake in Haynes International by 2.4% in 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 purchasing an additional 600 shares during the period. Russell Investments Group Ltd. increased its stake in Haynes International by 352.9% in the fourth quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after purchasing an additional 21,225 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Haynes International in the third quarter worth $1,698,000. Finally, Foundry Partners LLC increased its stake in Haynes International by 10.1% in the third quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock worth $4,788,000 after purchasing an additional 9,435 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.