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

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

Haynes International Trading Down 0.1 %

NASDAQ HAYN opened at $59.16 on Thursday. The company has a 50-day moving average of $59.58 and a 200-day moving average of $59.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89. Haynes International has a 12 month low of $41.15 and a 12 month high of $60.86. The company has a market cap of $756.24 million, a P/E ratio of 19.99, a P/E/G ratio of 1.10 and a beta of 1.40.

Haynes International (NASDAQ:HAYN) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.33). Haynes International had a return on equity of 8.45% and a net margin of 6.11%. The firm had revenue of $153.92 million for the quarter, compared to analyst estimates of $159.35 million. As a group, equities analysts predict that Haynes International will post 2.55 earnings per share for the current year.

Haynes International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, August 30th. Haynes International’s dividend payout ratio (DPR) is presently 29.73%.

Insider Buying and Selling at Haynes International

In related news, CFO Daniel W. Maudlin sold 6,744 shares of Haynes International stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $59.66, for a total transaction of $402,347.04. Following the sale, the chief financial officer now owns 30,287 shares of the company’s stock, valued at approximately $1,806,922.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Haynes International

Several institutional investors have recently made changes to their positions in HAYN. SG Americas Securities LLC acquired a new position in Haynes International during the 1st quarter worth $114,000. BNP Paribas Financial Markets lifted its holdings in Haynes International by 67.1% in the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 2,504 shares during the period. Cornercap Investment Counsel Inc. bought a new position in Haynes International in the 2nd quarter valued at about $526,000. Nisa Investment Advisors LLC increased its stake in Haynes International by 71,414.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after buying an additional 24,995 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Haynes International by 16.9% during the 1st quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock valued at $1,915,000 after buying an additional 4,605 shares during the period. 97.31% of the stock is owned by 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.