Haynes International (NASDAQ:HAYN) Earns Hold Rating from Analysts at StockNews.com

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

Haynes International Price Performance

NASDAQ HAYN opened at $59.60 on Thursday. The business’s fifty day moving average price is $58.94 and its 200-day moving average price is $59.04. The stock has a market capitalization of $761.69 million, a price-to-earnings ratio of 20.14, a PEG ratio of 0.94 and a beta of 1.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.63 and a quick ratio of 1.75. Haynes International has a 1-year low of $41.15 and a 1-year high of $60.86.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.20). The company had revenue of $152.46 million during the quarter, compared to analysts’ expectations of $160.52 million. Haynes International had a return on equity of 8.51% and a net margin of 6.11%. On average, equities analysts predict that Haynes International will post 3.02 earnings per share for the current year.

Haynes International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.22 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.48%. Haynes International’s dividend payout ratio (DPR) is 29.73%.

Institutional Investors Weigh In On Haynes International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in Haynes International by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after buying an additional 1,245 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Haynes International by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock worth $9,446,000 after buying an additional 4,153 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Haynes International by 71,414.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after buying an additional 24,995 shares in the last quarter. SG Americas Securities LLC increased its stake in Haynes International by 1,035.8% in the 2nd quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock worth $1,262,000 after buying an additional 19,608 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Haynes International in the 1st quarter worth $7,070,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.