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

Stock analysts at StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYNGet Free Report) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the basic materials company’s stock.

Separately, Northcoast Research reaffirmed a “neutral” rating on shares of Haynes International in a report on Thursday, March 14th.

View Our Latest Stock Report on Haynes International

Haynes International Price Performance

HAYN opened at $59.05 on Monday. The firm has a market cap of $754.66 million, a P/E ratio of 19.95, a PEG ratio of 0.93 and a beta of 1.40. The firm has a 50-day moving average of $58.86 and a 200 day moving average of $58.51. 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 has a fifty-two week low of $41.15 and a fifty-two week high of $60.86.

Haynes International (NASDAQ:HAYNGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.20). The company had revenue of $152.46 million for the quarter, compared to the consensus estimate of $160.52 million. Haynes International had a net margin of 6.31% and a return on equity of 8.79%. On average, research analysts expect that Haynes International will post 3.02 EPS for the current year.

Institutional Investors Weigh In On Haynes International

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Haynes International in the first quarter worth about $114,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 buying an additional 2,504 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Haynes International by 2.4% in 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 buying an additional 600 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of 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 worth $1,554,000 after buying an additional 21,225 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Haynes International in the first quarter worth about $7,070,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

About Haynes International

(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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