Haynes International (NASDAQ:HAYN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN) in a research report released on Friday. The firm issued a hold rating on the basic materials company’s stock.

Haynes International Stock Down 0.1 %

NASDAQ:HAYN opened at $59.52 on Friday. The stock’s fifty day simple moving average is $59.57 and its 200-day simple moving average is $59.46. The firm has a market capitalization of $760.84 million, a P/E ratio of 20.11, a P/E/G ratio of 1.10 and a beta of 1.39. The company has a quick ratio of 1.89, a current ratio of 7.74 and a debt-to-equity ratio of 0.22. Haynes International has a 12-month low of $41.15 and a 12-month high of $60.86.

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

Haynes International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.48%. Haynes International’s payout ratio is presently 29.73%.

Insider Activity at Haynes International

In related news, CFO Daniel W. Maudlin sold 6,744 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $59.66, for a total transaction of $402,347.04. Following the completion of the transaction, the chief financial officer now owns 30,287 shares in the company, valued at approximately $1,806,922.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Haynes International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers boosted its position in Haynes International by 3.2% during the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after purchasing an additional 1,245 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Haynes International during the 1st quarter worth about $114,000. BNP Paribas Financial Markets boosted its holdings in shares of Haynes International by 67.1% during the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after buying an additional 2,504 shares during the period. Bank of New York Mellon Corp grew its stake in Haynes International by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock valued at $9,446,000 after buying an additional 4,153 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Haynes International by 16.9% in the 1st quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock valued at $1,915,000 after buying an additional 4,605 shares during the last quarter. 97.31% of the stock is owned by institutional investors.

About Haynes International

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.