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

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

A number of other research firms also recently commented 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 reaffirmed a neutral rating on shares of Haynes International in a report on Thursday, March 14th.

Haynes International Stock Down 0.2 %

NASDAQ HAYN opened at $59.48 on Friday. The company has a market cap of $760.15 million, a price-to-earnings ratio of 18.25, a PEG ratio of 0.74 and a beta of 1.42. Haynes International has a 1-year low of $41.15 and a 1-year high of $60.86. The company has a current ratio of 7.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $60.00 and a 200-day moving average of $55.25.

Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts expect that Haynes International will post 3.83 earnings per share for the current fiscal year.

Haynes International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.48%. Haynes International’s payout ratio is 26.99%.

Institutional Trading of Haynes International

Several institutional investors and hedge funds have recently modified their holdings of the business. Diamond Hill Capital Management Inc. acquired a new position in Haynes International during the third quarter worth about $1,698,000. Foundry Partners LLC grew its holdings in shares of Haynes International by 10.1% during the 3rd quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock valued at $4,788,000 after purchasing an additional 9,435 shares during the last quarter. Covestor Ltd increased its position in Haynes International by 484.2% during the 3rd 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. New York State Teachers Retirement System increased its position in Haynes International by 2.4% during the 4th 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, Russell Investments Group Ltd. lifted its stake in 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 purchasing an additional 21,225 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

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.