Haynes International (NASDAQ:HAYN) Receives New Coverage from Analysts at StockNews.com

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

Other equities research analysts also recently issued reports about the stock. Noble Financial downgraded shares of 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 Performance

Shares of NASDAQ HAYN opened at $60.25 on Friday. The company has a market cap of $770.00 million, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.75 and a beta of 1.43. Haynes International has a 12 month low of $41.15 and a 12 month high of $60.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.62 and a quick ratio of 1.69. The company has a 50-day simple moving average of $59.91 and a 200-day simple moving average of $53.82.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $0.61 earnings per share. On average, equities analysts anticipate that Haynes International will post 3.83 earnings per share for the current year.

Haynes International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 annualized dividend and a yield of 1.46%. Haynes International’s dividend payout ratio is currently 26.99%.

Institutional Investors Weigh In On Haynes International

Institutional investors have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. purchased a new stake in Haynes International during the third quarter worth approximately $1,698,000. Covestor Ltd lifted its position in shares of Haynes International by 484.2% during 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 in the last quarter. Foundry Partners LLC lifted its position in shares of Haynes International by 10.1% during 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 in the last quarter. New York State Teachers Retirement System lifted its position in shares of 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 in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Haynes International during the first quarter worth $3,889,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.