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

Investment analysts at StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYN) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the stock. Northcoast Research reaffirmed a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th. Noble Financial downgraded Haynes International from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 6th.

Haynes International Stock Down 0.1 %

HAYN opened at $60.41 on Thursday. The business has a 50 day moving average of $59.64 and a 200-day moving average of $53.17. The stock has a market capitalization of $772.04 million, a price-to-earnings ratio of 18.53, a P/E/G ratio of 0.71 and a beta of 1.43. The company has a current ratio of 7.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. Haynes International has a 1-year low of $41.15 and a 1-year high of $60.86.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.10). The business had revenue of $147.36 million for the quarter, compared to analyst estimates of $151.94 million. Haynes International had a return on equity of 9.89% and a net margin of 6.94%. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, sell-side analysts anticipate that Haynes International will post 4.06 earnings per share for the current year.

Institutional Investors Weigh In On Haynes International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL increased its position in Haynes International by 94.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the basic materials company’s stock worth $685,000 after purchasing an additional 5,820 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Haynes International by 352.9% during the fourth quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after acquiring an additional 21,225 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Haynes International by 2.4% in the fourth quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after purchasing an additional 600 shares during the last quarter. Tudor Investment Corp Et Al raised its position in Haynes International by 132.5% in the 3rd quarter. Tudor Investment Corp Et Al now owns 24,380 shares of the basic materials company’s stock valued at $1,134,000 after buying an additional 13,893 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Haynes International by 484.2% during the third quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 1,317 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.