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

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

Haynes International Stock Performance

Shares of Haynes International stock opened at $59.16 on Thursday. 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 0.22, a quick ratio of 1.89 and a current ratio of 7.74. The stock has a market capitalization of $756.24 million, a price-to-earnings ratio of 19.99, a PEG ratio of 1.10 and a beta of 1.40. The firm has a fifty day moving average of $59.58 and a two-hundred day moving average of $59.47.

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

Haynes International Announces Dividend

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

Insider Buying and Selling at Haynes International

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $59.66, for a total transaction of $402,347.04. Following the transaction, the chief financial officer now owns 30,287 shares in the company, valued at approximately $1,806,922.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Haynes International during the 1st quarter valued at $114,000. BNP Paribas Financial Markets boosted its holdings in shares of Haynes International by 67.1% during 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 in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Haynes International during the 2nd quarter worth approximately $526,000. Nisa Investment Advisors LLC increased its stake in shares of 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 valued at $1,469,000 after acquiring an additional 24,995 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Haynes International by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock worth $1,915,000 after acquiring an additional 4,605 shares in the last quarter. 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.