Haynes International, Inc. (NASDAQ:HAYN) Short Interest Update

Haynes International, Inc. (NASDAQ:HAYN) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 278,400 shares, a growth of 29.0% from the March 31st total of 215,800 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily volume of 248,400 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Haynes International

A number of large investors have recently modified their holdings of HAYN. Foundry Partners LLC boosted its position in shares of Haynes International by 10.1% during the third quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock worth $4,788,000 after purchasing an additional 9,435 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Haynes International during the 3rd quarter worth $1,698,000. Russell Investments Group Ltd. lifted its holdings 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. New York State Teachers Retirement System grew its stake in 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 acquiring an additional 600 shares during the period. Finally, Covestor Ltd increased its holdings 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 in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Haynes International Stock Up 0.0 %

HAYN opened at $60.33 on Tuesday. The company has a market capitalization of $771.02 million, a P/E ratio of 18.51, a P/E/G ratio of 0.75 and a beta of 1.43. 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 firm’s fifty day moving average price is $59.99 and its two-hundred day moving average price is $54.56. 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 posted its earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share 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 business had revenue of $147.36 million during the quarter, compared to the consensus estimate of $151.94 million. During the same period in the previous year, the firm earned $0.61 EPS. On average, analysts anticipate that Haynes International will post 3.83 EPS for the current year.

Haynes International Announces Dividend

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

Wall Street Analyst Weigh In

HAYN has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Haynes International in a research report on Saturday. They set a “hold” rating on the stock. Noble Financial downgraded Haynes International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 6th. Finally, Northcoast Research restated a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th.

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.