Head-To-Head Analysis: Haynes International (NASDAQ:HAYN) versus Worthington Industries (WOR)
Worthington Industries (NYSE: WOR) and Haynes International (NASDAQ:HAYN) are both industrial products companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, risk, analyst recommendations, profitabiliy, dividends, earnings and valuation.
Insider & Institutional Ownership
54.4% of Worthington Industries shares are owned by institutional investors. Comparatively, 98.9% of Haynes International shares are owned by institutional investors. 32.0% of Worthington Industries shares are owned by company insiders. Comparatively, 4.4% of Haynes International shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Risk and Volatility
Worthington Industries has a beta of 1.14, indicating that its stock price is 14% more volatile than the S&P 500. Comparatively, Haynes International has a beta of 1.54, indicating that its stock price is 54% more volatile than the S&P 500.
Earnings & Valuation
This table compares Worthington Industries and Haynes International’s gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Worthington Industries||$3.01 billion||1.10||$306.33 million||N/A||N/A|
|Haynes International||$405.25 million||1.09||$23.76 million||$0.26||136.97|
Worthington Industries has higher revenue and earnings than Haynes International.
Worthington Industries pays an annual dividend of $0.80 per share and has a dividend yield of 1.5%. Haynes International pays an annual dividend of $0.88 per share and has a dividend yield of 2.5%. Haynes International pays out 338.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Haynes International has raised its dividend for 6 consecutive years. Haynes International is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
This table compares Worthington Industries and Haynes International’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a breakdown of current recommendations and price targets for Worthington Industries and Haynes International, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Worthington Industries presently has a consensus price target of $46.50, indicating a potential downside of 12.10%. Haynes International has a consensus price target of $41.67, indicating a potential upside of 17.01%. Given Haynes International’s stronger consensus rating and higher possible upside, analysts clearly believe Haynes International is more favorable than Worthington Industries.
About Worthington Industries
Worthington Industries, Inc. is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors. The Pressure Cylinders segment manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, and oil and gas equipment along with various accessories and related products for end use market applications. The Engineered Cabs is a non-captive designer and manufacturer of custom-engineered open and enclosed cabs and operator stations and custom fabrications for heavy mobile equipment used in the agricultural, construction, forestry, mining and military industries. The Other segment includes Construction Services and Worthington Energy Innovations.
About Haynes International
Haynes International, Inc. (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries. Its products consist of high-temperature resistant alloys (HTA) products and corrosion-resistant alloys (CRA) products. Its HTA products are used in manufacturing components for the hot sections of gas turbine engines. Its CRA products are used in a range of applications, such as chemical processing, power plant emissions control, hazardous waste treatment, sour gas production and pharmaceutical vessels. The Company has a four-high Steckel rolling mill used in hot rolling high-performance alloys. The Company has operations in the United States, Europe and China.
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