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

Equities research analysts at StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYNGet Free Report) in a research report issued on Monday. The brokerage set a “hold” rating on the basic materials company’s stock.

A number of other brokerages also recently issued reports on HAYN. Northcoast Research reaffirmed a “neutral” rating on shares of Haynes International in a research report on Thursday, March 14th. Noble Financial downgraded Haynes International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 6th.

Get Our Latest Stock Analysis on Haynes International

Haynes International Price Performance

Shares of NASDAQ HAYN opened at $59.95 on Monday. The company has a market capitalization of $766.16 million, a PE ratio of 18.39, a P/E/G ratio of 0.70 and a beta of 1.43. The firm has a fifty day simple moving average of $57.50 and a 200 day simple moving average of $51.83. The company has a quick ratio of 1.69, a current ratio of 7.62 and a debt-to-equity ratio of 0.26. Haynes International has a twelve month low of $41.15 and a twelve month high of $60.25.

Haynes International (NASDAQ:HAYNGet Free Report) last issued its earnings results on Friday, February 9th. The basic materials company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.10). The firm had revenue of $147.36 million during the quarter, compared to analyst estimates of $151.94 million. Haynes International had a net margin of 6.94% and a return on equity of 9.89%. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, sell-side analysts forecast that Haynes International will post 4.06 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HAYN. US Bancorp DE raised its holdings in shares of Haynes International by 188.8% in the 1st quarter. US Bancorp DE now owns 777 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 508 shares in the last quarter. Captrust Financial Advisors raised its position in Haynes International by 77.8% during the second quarter. Captrust Financial Advisors now owns 1,083 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 474 shares in the last quarter. Covestor Ltd increased its position in shares of Haynes International by 484.2% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 1,317 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in shares of Haynes International by 11.1% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,026 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 402 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in Haynes International by 6.0% in the 1st quarter. MetLife Investment Management LLC now owns 5,871 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 334 shares during the period. Institutional investors own 97.11% of the company’s stock.

Haynes International Company Profile

(Get Free Report)

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.

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