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

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

Haynes International Stock Up 0.1 %

Shares of HAYN opened at $59.55 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74. Haynes International has a 52 week low of $41.15 and a 52 week high of $60.86. The stock has a market capitalization of $761.23 million, a price-to-earnings ratio of 20.12, a PEG ratio of 1.10 and a beta of 1.39. The stock has a fifty day moving average of $59.57 and a 200-day moving average of $59.46.

Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.33). The firm had revenue of $153.92 million during the quarter, compared to the consensus estimate of $159.35 million. Haynes International had a net margin of 6.11% and a return on equity of 8.45%. As a group, sell-side analysts anticipate that Haynes International will post 2.55 earnings per share for the current fiscal year.

Haynes International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, August 30th. Haynes International’s payout ratio is currently 29.73%.

Insider Transactions at Haynes International

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of Haynes International stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $59.66, for a total transaction of $402,347.04. Following the transaction, the chief financial officer now directly owns 30,287 shares of the company’s stock, valued at approximately $1,806,922.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Haynes International

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Haynes International in the first quarter worth $114,000. BNP Paribas Financial Markets boosted its holdings in Haynes International by 67.1% during the 1st 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. Cornercap Investment Counsel Inc. bought a new stake in shares of Haynes International in the 2nd quarter worth $526,000. Nisa Investment Advisors LLC raised its holdings in shares of Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after purchasing an additional 24,995 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Haynes International by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock valued at $1,915,000 after purchasing an additional 4,605 shares in the last quarter. 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.