Haynes International (NASDAQ:HAYN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN) in a research report report published on Sunday morning. The firm issued a hold rating on the basic materials company’s stock.

Separately, Northcoast Research reiterated a neutral rating on shares of Haynes International in a research note on Thursday, March 14th.

Haynes International Trading Up 0.4 %

Shares of NASDAQ HAYN opened at $58.90 on Friday. The firm’s 50 day moving average price is $59.00 and its 200-day moving average price is $58.38. The company has a market cap of $752.74 million, a PE ratio of 19.90, a P/E/G ratio of 0.91 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 company has a debt-to-equity ratio of 0.25, a quick ratio of 1.75 and a current ratio of 7.63.

Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, May 9th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.20). The firm had revenue of $152.46 million during the quarter, compared to the consensus estimate of $160.52 million. Haynes International had a return on equity of 8.79% and a net margin of 6.31%. On average, equities research analysts expect that Haynes International will post 3.07 EPS for the current fiscal year.

Haynes International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.22 per share. The ex-dividend date was Friday, May 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.49%. Haynes International’s dividend payout ratio (DPR) is 29.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAYN. New York State Teachers Retirement System increased its holdings in 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 valued at $1,487,000 after buying an additional 600 shares during the last quarter. Russell Investments Group Ltd. increased 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 valued at $1,554,000 after buying an additional 21,225 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in 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 valued at $375,000 after buying an additional 2,504 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Haynes International during the first quarter valued at approximately $114,000. Finally, Gabelli Funds LLC purchased a new stake in Haynes International during the first quarter valued at approximately $8,325,000. Institutional investors own 97.31% of the company’s stock.

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.