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

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

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

Haynes International Price Performance

Shares of HAYN stock opened at $58.70 on Friday. The company has a quick ratio of 1.75, a current ratio of 7.63 and a debt-to-equity ratio of 0.25. Haynes International has a twelve month low of $41.15 and a twelve month high of $60.86. The company has a market cap of $750.19 million, a P/E ratio of 19.83, a P/E/G ratio of 0.91 and a beta of 1.40. The business has a fifty day simple moving average of $59.06 and a 200 day simple moving average of $58.30.

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 return on equity of 8.79% and a net margin of 6.31%. The business had revenue of $152.46 million for the quarter, compared to the consensus estimate of $160.52 million. On average, sell-side analysts forecast that Haynes International will post 3.07 EPS for the current fiscal year.

Haynes International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.50%. Haynes International’s payout ratio is presently 29.73%.

Hedge Funds Weigh In On Haynes International

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Haynes International in the 1st quarter worth about $114,000. BNP Paribas Financial Markets increased its stake in shares of Haynes International by 67.1% in the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock valued at $375,000 after buying an additional 2,504 shares during the period. New York State Teachers Retirement System increased its stake in shares of 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 valued at $1,487,000 after buying an additional 600 shares during the period. Russell Investments Group Ltd. increased its stake in shares of 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 valued at $1,554,000 after buying an additional 21,225 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Haynes International in the first quarter valued at about $7,070,000. Institutional investors and hedge funds 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.