Haynes International, Inc. (HAYN) Receives Consensus Rating of “Hold” from Analysts
Shares of Haynes International, Inc. (NASDAQ:HAYN) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $36.50.
A number of equities research analysts recently weighed in on HAYN shares. KeyCorp reissued a “hold” rating on shares of Haynes International in a research note on Thursday, November 16th. Zacks Investment Research raised shares of Haynes International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, ValuEngine downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of Haynes International by 4.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 2,950 shares of the basic materials company’s stock worth $107,000 after buying an additional 130 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Haynes International during the second quarter worth approximately $140,000. BNP Paribas Arbitrage SA raised its stake in shares of Haynes International by 50.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,098 shares of the basic materials company’s stock worth $149,000 after buying an additional 1,370 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Haynes International during the second quarter worth approximately $255,000. Finally, Thrivent Financial For Lutherans raised its stake in shares of Haynes International by 7.6% during the second quarter. Thrivent Financial For Lutherans now owns 7,540 shares of the basic materials company’s stock worth $274,000 after buying an additional 530 shares during the last quarter. 98.56% of the stock is owned by institutional investors and hedge funds.
Haynes International (NASDAQ:HAYN) last announced its earnings results on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.06). Haynes International had a negative return on equity of 3.05% and a negative net margin of 2.58%. The company had revenue of $100.80 million during the quarter, compared to the consensus estimate of $100.19 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. analysts expect that Haynes International will post 0.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, November 30th. Haynes International’s dividend payout ratio (DPR) is -106.02%.
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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.
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