According to Zacks, “Haynes International, Inc. is a technology-oriented company devoted primarily to the development and manufacture of high-performance nickel- and cobalt-based alloys for service in severe corrosion and high-temperature applications. Superior customer service and technical support are provided worldwide by well-trained professionals within the company. Haynes’ service centers and affiliates have available in-stock sheet, plate, bar, wire, tubing, forging stock, fittings, and flanges. “
HAYN has been the topic of a number of other reports. ValuEngine cut shares of Wave Life Sciences from a strong-buy rating to a buy rating in a report on Monday, March 25th. BidaskClub cut shares of Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). The company had revenue of $127.47 million during the quarter, compared to the consensus estimate of $119.64 million. Haynes International had a return on equity of 1.12% and a net margin of 0.58%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) earnings per share. Research analysts forecast that Haynes International will post 0.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, May 30th. Haynes International’s payout ratio is -1,257.14%.
A number of institutional investors have recently modified their holdings of the business. Granite Investment Partners LLC grew its position in shares of Haynes International by 87.7% during the first quarter. Granite Investment Partners LLC now owns 41,159 shares of the basic materials company’s stock worth $1,351,000 after buying an additional 19,234 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Haynes International by 16.2% during the first quarter. Victory Capital Management Inc. now owns 49,600 shares of the basic materials company’s stock worth $1,628,000 after buying an additional 6,900 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Haynes International by 3.9% during the first quarter. Texas Permanent School Fund now owns 8,499 shares of the basic materials company’s stock worth $279,000 after buying an additional 317 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Haynes International during the first quarter worth about $160,000. Finally, Bank of Montreal Can grew its position in shares of Haynes International by 3.8% during the first quarter. Bank of Montreal Can now owns 219,451 shares of the basic materials company’s stock worth $7,204,000 after buying an additional 8,005 shares in the last quarter. Institutional investors own 98.09% of the company’s stock.
Haynes International Company Profile
Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.
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