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

StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYN) in a research note released on Saturday. The firm issued a hold rating on the basic materials company’s stock.

A number of other analysts have also commented on HAYN. Noble Financial lowered Haynes International from an outperform rating to a market perform rating in a research note on Tuesday, February 6th. Northcoast Research reissued a neutral rating on shares of Haynes International in a research note on Thursday, March 14th.

Haynes International Stock Up 0.0 %

HAYN stock opened at $60.31 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.62 and a quick ratio of 1.69. The stock has a market capitalization of $770.76 million, a price-to-earnings ratio of 18.50, a PEG ratio of 0.75 and a beta of 1.43. The business’s fifty day moving average price is $59.98 and its two-hundred day moving average price is $54.40. Haynes International has a fifty-two week low of $41.15 and a fifty-two week high of $60.86.

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

Haynes International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, February 29th. Haynes International’s dividend payout ratio is currently 26.99%.

Hedge Funds Weigh In On Haynes International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its stake 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 worth $1,487,000 after acquiring an additional 600 shares during the period. Covestor Ltd lifted its stake in shares of Haynes International by 484.2% in the third 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. Foundry Partners LLC lifted its stake in shares of Haynes International by 10.1% in the third quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock worth $4,788,000 after acquiring an additional 9,435 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Haynes International by 352.9% in 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 during the period. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Haynes International in the third quarter worth approximately $1,698,000. 97.31% of the stock is 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.