Haynes International (NASDAQ:HAYN) Rating Increased to B at TheStreet

Haynes International (NASDAQ:HAYNGet Rating) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.

Several other research analysts have also recently weighed in on the stock. KeyCorp upped their price objective on shares of Haynes International from $41.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, April 1st. Zacks Investment Research upgraded shares of Haynes International from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, April 5th. Finally, StockNews.com started coverage on shares of Haynes International in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of Haynes International stock opened at $36.70 on Friday. Haynes International has a 12-month low of $29.47 and a 12-month high of $49.76. The stock has a market capitalization of $456.92 million, a P/E ratio of 28.90 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 4.03. The stock has a 50-day moving average price of $41.88.

Haynes International (NASDAQ:HAYNGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The basic materials company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Haynes International had a net margin of 4.03% and a return on equity of 4.87%. During the same period in the previous year, the business earned ($0.29) EPS. As a group, equities research analysts expect that Haynes International will post 2.75 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. purchased a new stake in shares of Haynes International during the fourth quarter valued at approximately $77,000. Voya Investment Management LLC purchased a new stake in shares of Haynes International during the third quarter valued at approximately $201,000. Maryland State Retirement & Pension System purchased a new stake in shares of Haynes International during the fourth quarter valued at approximately $204,000. Royal Bank of Canada boosted its stake in shares of Haynes International by 4.3% during the third quarter. Royal Bank of Canada now owns 6,942 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 286 shares during the period. Finally, Summit Global Investments purchased a new stake in shares of Haynes International during the first quarter valued at approximately $268,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

Haynes International Company Profile (Get Rating)

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation; and industrial heating equipment.

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