Haynes International (NASDAQ:HAYN) Shares Pass Above Two Hundred Day Moving Average of $57.85

Haynes International, Inc. (NASDAQ:HAYN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $57.85 and traded as high as $58.45. Haynes International shares last traded at $58.25, with a volume of 340,714 shares changing hands.

Analyst Ratings Changes

HAYN has been the topic of a number of research analyst reports. StockNews.com began coverage on Haynes International in a report on Saturday. They issued a “hold” rating on the stock. Northcoast Research restated a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th.

Haynes International Stock Down 0.0 %

The firm’s 50-day simple moving average is $59.26 and its 200-day simple moving average is $57.85. 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 $744.44 million, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 0.90 and a beta of 1.40.

Haynes International (NASDAQ:HAYN) last released its 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). 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. Sell-side analysts forecast that Haynes International, Inc. will post 3.07 earnings per share for the current 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 issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, May 31st. Haynes International’s payout ratio is presently 29.73%.

Institutional Investors Weigh In On Haynes International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of Haynes International by 484.2% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 1,317 shares during the period. Russell Investments Group Ltd. raised its position 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 in the last quarter. New York State Teachers Retirement System lifted 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 purchasing an additional 600 shares during the period. SG Americas Securities LLC bought a new position in Haynes International during the first quarter worth about $114,000. Finally, Gabelli Funds LLC acquired a new stake in Haynes International during the first quarter valued at approximately $8,325,000. Institutional investors own 97.31% of the company’s stock.

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.