Haynes International (NASDAQ:HAYN) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN) in a report issued on Monday. The brokerage set a “hold” rating on the basic materials company’s stock.

Haynes International Stock Performance

NASDAQ HAYN opened at $60.14 on Monday. The business’s 50 day moving average price is $59.44 and its 200-day moving average price is $59.51. Haynes International has a fifty-two week low of $41.15 and a fifty-two week high of $60.86. The company has a market cap of $768.59 million, a P/E ratio of 20.32, a P/E/G ratio of 1.13 and a beta of 1.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). Haynes International had a net margin of 6.11% and a return on equity of 8.45%. The firm had revenue of $153.92 million for the quarter, compared to the consensus estimate of $159.35 million. Sell-side analysts predict that Haynes International will post 2.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HAYN. SG Americas Securities LLC bought a new stake in shares of Haynes International during the 1st quarter worth approximately $114,000. BNP Paribas Financial Markets increased its stake in Haynes International by 67.1% in the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 2,504 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Haynes International during the second quarter worth $526,000. Nisa Investment Advisors LLC lifted its position in shares of Haynes International by 71,414.3% during the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after purchasing an additional 24,995 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake 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 valued at $1,554,000 after purchasing an additional 21,225 shares during the period. Institutional investors own 97.31% of the company’s stock.

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.