StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN – Free Report) in a research report report published on Wednesday. The brokerage issued a hold rating on the basic materials company’s stock.
Haynes International Stock Up 0.5 %
Shares of NASDAQ HAYN opened at $59.78 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.75 and a current ratio of 7.63. The stock has a market cap of $763.99 million, a PE ratio of 20.20, a PEG ratio of 0.94 and a beta of 1.40. Haynes International has a 52-week low of $41.15 and a 52-week high of $60.86. The business has a fifty day moving average of $58.87 and a two-hundred day moving average of $58.70.
Haynes International (NASDAQ:HAYN – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). Haynes International had a return on equity of 8.79% and a net margin of 6.31%. The business had revenue of $152.46 million for the quarter, compared to the consensus estimate of $160.52 million. As a group, equities research analysts expect that Haynes International will post 3.02 earnings per share for the current fiscal year.
Haynes International Dividend Announcement
Hedge Funds Weigh In On Haynes International
Large investors have recently modified their holdings of the stock. New York State Teachers Retirement System increased its holdings in shares of Haynes International by 2.4% in the fourth 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 purchasing an additional 600 shares in the last quarter. Russell Investments Group Ltd. increased 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 buying an additional 21,225 shares during the period. BNP Paribas Financial Markets raised its position in shares of 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 acquiring an additional 2,504 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Haynes International during the first quarter valued at $114,000. Finally, Gabelli Funds LLC bought a new position in Haynes International in the first quarter valued at about $8,325,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.
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.
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