Haynes International (NASDAQ:HAYN) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYN) in a report published on Sunday. The brokerage issued a hold rating on the basic materials company’s stock.

HAYN has been the topic of a number of other reports. Northcoast Research restated a neutral rating on shares of Haynes International in a research report on Thursday, March 14th. Noble Financial cut Haynes International from an outperform rating to a market perform rating in a report on Tuesday, February 6th.

Haynes International Stock Down 0.2 %

Shares of NASDAQ HAYN opened at $59.48 on Friday. 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 business has a fifty day moving average of $60.00 and a two-hundred day moving average of $55.25. The stock has a market cap of $760.15 million, a PE ratio of 18.25, a PEG ratio of 0.74 and a beta of 1.42.

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

Haynes International Announces Dividend

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

Institutional Investors Weigh In On Haynes International

Institutional investors and hedge funds have recently made changes to their positions in the company. Diamond Hill Capital Management Inc. bought a new stake in Haynes International during the 3rd quarter worth about $1,698,000. Foundry Partners LLC boosted its stake in Haynes International by 10.1% in the third quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock valued at $4,788,000 after acquiring an additional 9,435 shares during the last quarter. Covestor Ltd grew its holdings 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 acquiring an additional 1,317 shares during the period. New York State Teachers Retirement System raised its position in shares of 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 valued at $1,487,000 after acquiring an additional 600 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake 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 purchasing an additional 21,225 shares during the period. Institutional investors own 97.31% of the company’s stock.

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.