Haynes International (NASDAQ:HAYN) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Haynes International (NASDAQ:HAYN) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

Several other analysts have also recently issued reports on HAYN. Zacks Investment Research upgraded shares of Haynes International from a sell rating to a hold rating in a research report on Wednesday, August 21st. ValuEngine cut shares of Haynes International from a hold rating to a sell rating in a research report on Thursday, August 1st.

Shares of NASDAQ HAYN traded up $0.84 during mid-day trading on Tuesday, hitting $36.35. 4,583 shares of the company’s stock traded hands, compared to its average volume of 70,370. The company’s 50-day moving average is $30.17 and its two-hundred day moving average is $31.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 1.57. The company has a market capitalization of $431.96 million, a P/E ratio of -516.71 and a beta of 1.67. Haynes International has a 1 year low of $24.46 and a 1 year high of $37.13.



Haynes International (NASDAQ:HAYN) last announced its earnings results on Thursday, August 1st. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.09). The business had revenue of $126.03 million for the quarter, compared to analysts’ expectations of $130.14 million. Haynes International had a net margin of 1.21% and a return on equity of 2.06%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. Equities analysts anticipate that Haynes International will post 0.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.88 annualized dividend and a yield of 2.42%. Haynes International’s payout ratio is -1,257.14%.

A number of large investors have recently modified their holdings of HAYN. Vanguard Group Inc. grew its holdings in Haynes International by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,201,493 shares of the basic materials company’s stock valued at $38,219,000 after purchasing an additional 85,981 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Haynes International by 18.2% during the 2nd quarter. Renaissance Technologies LLC now owns 248,200 shares of the basic materials company’s stock valued at $7,895,000 after purchasing an additional 38,200 shares during the last quarter. Morgan Stanley grew its holdings in Haynes International by 76.6% during the 2nd quarter. Morgan Stanley now owns 55,487 shares of the basic materials company’s stock valued at $1,764,000 after purchasing an additional 24,064 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Haynes International by 212.1% during the 2nd quarter. Susquehanna International Group LLP now owns 11,205 shares of the basic materials company’s stock valued at $356,000 after purchasing an additional 21,205 shares during the last quarter. Finally, Granite Investment Partners LLC grew its holdings in Haynes International by 87.7% during the 1st quarter. Granite Investment Partners LLC now owns 41,159 shares of the basic materials company’s stock valued at $1,351,000 after purchasing an additional 19,234 shares during the last quarter. Institutional investors own 95.61% 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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