StockNews.com began coverage on shares of Haynes International (NASDAQ:HAYN – Free Report) in a research report report published on Friday. The brokerage issued a hold rating on the basic materials company’s stock.
Haynes International Stock Up 0.5 %
Shares of NASDAQ:HAYN opened at $59.84 on Friday. The firm has a market capitalization of $764.93 million, a P/E ratio of 20.22, a P/E/G ratio of 0.94 and a beta of 1.40. The stock has a 50 day moving average price of $59.01 and a 200-day moving average price of $59.28. 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 – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). Haynes International had a return on equity of 8.51% and a net margin of 6.11%. The business had revenue of $153.92 million during the quarter, compared to analysts’ expectations of $159.35 million. As a group, equities research analysts anticipate that Haynes International will post 3.02 EPS for the current fiscal year.
Haynes International Dividend Announcement
Institutional Investors Weigh In On Haynes International
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Haynes International in the first quarter worth approximately $114,000. BNP Paribas Financial Markets boosted its stake in shares of Haynes International by 67.1% in the 1st 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 during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Haynes International in the second quarter worth $526,000. Nisa Investment Advisors LLC increased its position in Haynes International by 71,414.3% during the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after acquiring an additional 24,995 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Haynes International by 2.4% during the 4th 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 purchasing an additional 600 shares during the period. 97.31% of the stock is currently owned by institutional investors.
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.
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