Shares of Haynes International, Inc. (NASDAQ:HAYN) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $36.50.

Several equities research analysts have weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Haynes International in a research report on Thursday, November 16th. Zacks Investment Research raised shares of Haynes International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, BidaskClub raised shares of Haynes International from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st.

In other news, Director Dawne S. Hickton purchased 2,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $31.50 per share, with a total value of $63,000.00. Following the transaction, the director now directly owns 5,300 shares of the company’s stock, valued at approximately $166,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.41% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System boosted its position in Haynes International by 13.7% during the 3rd quarter. California Public Employees Retirement System now owns 35,700 shares of the basic materials company’s stock valued at $1,282,000 after buying an additional 4,300 shares during the period. Royce & Associates LP boosted its position in Haynes International by 2.6% during the 3rd quarter. Royce & Associates LP now owns 1,122,206 shares of the basic materials company’s stock valued at $40,298,000 after buying an additional 28,207 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Haynes International by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,010,059 shares of the basic materials company’s stock worth $36,271,000 after purchasing an additional 60,322 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Haynes International by 27.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 81,733 shares of the basic materials company’s stock worth $2,936,000 after purchasing an additional 17,403 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Haynes International by 1,968.2% in the 3rd quarter. Wells Fargo & Company MN now owns 191,428 shares of the basic materials company’s stock worth $6,875,000 after purchasing an additional 182,172 shares during the period. 98.56% of the stock is owned by institutional investors and hedge funds.

Haynes International (HAYN) opened at $34.09 on Friday. The company has a current ratio of 6.49, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02. Haynes International has a twelve month low of $28.97 and a twelve month high of $44.20. The company has a market cap of $412.95, a price-to-earnings ratio of -41.07 and a beta of 1.48.

Haynes International (NASDAQ:HAYN) last released its earnings results on Thursday, November 16th. The basic materials company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.06). Haynes International had a negative net margin of 2.58% and a negative return on equity of 3.05%. The business had revenue of $100.80 million for the quarter, compared to the consensus estimate of $100.19 million. During the same period in the prior year, the business posted $0.08 EPS. Haynes International’s revenue for the quarter was down 6.2% on a year-over-year basis. research analysts forecast that Haynes International will post 0.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.88 annualized dividend and a yield of 2.58%. Haynes International’s payout ratio is currently -106.02%.

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Haynes International Company Profile

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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