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

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

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

Haynes International Stock Down 0.0 %

NASDAQ HAYN opened at $60.12 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.69 and a current ratio of 7.62. The company has a market capitalization of $768.33 million, a P/E ratio of 18.44, a P/E/G ratio of 0.72 and a beta of 1.43. Haynes International has a one year low of $41.15 and a one year high of $60.27. The stock has a 50 day moving average price of $58.59 and a 200-day moving average price of $52.34.

Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.10). Haynes International had a net margin of 6.94% and a return on equity of 9.89%. The company had revenue of $147.36 million for the quarter, compared to analysts’ expectations of $151.94 million. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, equities analysts predict that Haynes International will post 4 EPS for the current fiscal year.

Haynes International Dividend Announcement

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

Institutional Trading of Haynes International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its holdings in shares of Haynes International by 94.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the basic materials company’s stock valued at $685,000 after acquiring an additional 5,820 shares in the last quarter. Russell Investments Group Ltd. grew its stake in 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 valued at $1,554,000 after purchasing an additional 21,225 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of 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 during the last quarter. Tudor Investment Corp Et Al boosted its position in Haynes International by 132.5% in the third quarter. Tudor Investment Corp Et Al now owns 24,380 shares of the basic materials company’s stock valued at $1,134,000 after buying an additional 13,893 shares during the last quarter. Finally, Covestor Ltd boosted its position 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 buying an additional 1,317 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

About Haynes International

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.