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

Equities researchers at StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYNGet Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the basic materials company’s stock.

Separately, Northcoast Research restated a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th.

View Our Latest Research Report on Haynes International

Haynes International Stock Down 0.0 %

Shares of HAYN stock opened at $58.25 on Friday. Haynes International has a 12-month low of $41.15 and a 12-month high of $60.86. The company has a quick ratio of 1.75, a current ratio of 7.63 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $59.26 and a 200-day moving average of $57.99. The company has a market capitalization of $744.44 million, a price-to-earnings ratio of 19.68, a P/E/G ratio of 0.90 and a beta of 1.40.

Haynes International (NASDAQ:HAYNGet Free Report) last released its earnings results on Thursday, May 9th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). The firm had revenue of $152.46 million for the quarter, compared to the consensus estimate of $160.52 million. Haynes International had a return on equity of 8.79% and a net margin of 6.31%. As a group, equities research analysts predict that Haynes International will post 3.07 earnings per share for the current fiscal year.

Institutional Trading of Haynes International

A number of hedge funds and other institutional investors have recently modified their holdings of HAYN. Covestor Ltd grew its stake in Haynes International by 484.2% in the third quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 1,317 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Haynes International in the first quarter valued at $114,000. BNP Paribas Financial Markets increased its holdings in Haynes International by 67.1% during the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after buying an additional 2,504 shares during the last quarter. New York State Teachers Retirement System raised its position in 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 acquiring an additional 600 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Haynes International by 352.9% during the fourth quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after acquiring an additional 21,225 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Haynes International Company Profile

(Get Free Report)

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.

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