FY2022 EPS Estimates for Haynes International, Inc. (NASDAQ:HAYN) Raised by Analyst

Haynes International, Inc. (NASDAQ:HAYNGet Rating) – Analysts at KeyCorp boosted their FY2022 earnings estimates for Haynes International in a research note issued to investors on Monday, August 1st. KeyCorp analyst M. Leshock now forecasts that the basic materials company will post earnings of $3.55 per share for the year, up from their previous estimate of $2.70. KeyCorp currently has a “Overweight” rating and a $52.00 target price on the stock. The consensus estimate for Haynes International’s current full-year earnings is $3.14 per share. KeyCorp also issued estimates for Haynes International’s Q4 2022 earnings at $1.28 EPS and FY2023 earnings at $4.46 EPS.

Separately, TheStreet raised shares of Haynes International from a “c+” rating to a “b” rating in a research note on Friday, April 29th.

Haynes International Stock Performance

Haynes International stock opened at $41.62 on Thursday. The company has a 50 day moving average price of $34.45 and a 200-day moving average price of $37.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.68 and a current ratio of 3.16. Haynes International has a fifty-two week low of $29.00 and a fifty-two week high of $49.76. The company has a market capitalization of $518.67 million, a PE ratio of 16.78, a P/E/G ratio of 0.63 and a beta of 1.41.

Hedge Funds Weigh In On Haynes International

Large investors have recently made changes to their positions in the business. US Bancorp DE increased its position in shares of Haynes International by 188.8% during the first quarter. US Bancorp DE now owns 777 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 508 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Haynes International during the fourth quarter valued at $77,000. KBC Group NV purchased a new stake in shares of Haynes International during the first quarter valued at $172,000. Pinnacle Associates Ltd. purchased a new stake in shares of Haynes International during the first quarter valued at $204,000. Finally, State of Tennessee Treasury Department grew its holdings in shares of Haynes International by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 4,816 shares of the basic materials company’s stock valued at $205,000 after buying an additional 730 shares during the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.

Haynes International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, August 31st. Haynes International’s dividend payout ratio (DPR) is 35.48%.

About Haynes International

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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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