StockNews.com Initiates Coverage on Haynes International (NASDAQ:HAYN)

Stock analysts at StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYN) in a report released on Saturday. The brokerage set a “hold” rating on the basic materials company’s stock.

A number of other research analysts also recently weighed in on HAYN. Noble Financial downgraded Haynes International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 6th. Northcoast Research reissued a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th.

Haynes International Stock Up 0.0 %

NASDAQ:HAYN opened at $60.31 on Friday. The stock’s fifty day moving average price is $59.97 and its two-hundred day moving average price is $54.25. Haynes International has a 52-week low of $41.15 and a 52-week high of $60.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.69 and a current ratio of 7.62. The company has a market cap of $770.76 million, a price-to-earnings ratio of 18.50, a P/E/G ratio of 0.75 and a beta of 1.43.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.10). The company had revenue of $147.36 million during the quarter, compared to analyst estimates of $151.94 million. Haynes International had a net margin of 6.94% and a return on equity of 9.89%. During the same period last year, the company earned $0.61 EPS. On average, analysts anticipate that Haynes International will post 3.83 EPS for the current year.

Institutional Trading of Haynes International

A number of large investors have recently made changes to their positions in HAYN. Diamond Hill Capital Management Inc. bought a new stake in shares of Haynes International in the 3rd quarter valued at $1,698,000. Russell Investments Group Ltd. increased its position in shares of Haynes International by 352.9% in the 4th 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 in the last quarter. Foundry Partners LLC increased its position in shares of Haynes International by 10.1% in the 3rd quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock valued at $4,788,000 after buying an additional 9,435 shares in the last quarter. Covestor Ltd increased its position in shares of Haynes International by 484.2% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock valued at $74,000 after buying an additional 1,317 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Haynes International by 2.4% in the 4th 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 in the last quarter. 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.