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

Equities researchers at StockNews.com began coverage on shares of Haynes International (NASDAQ:HAYN) in a research report issued on Thursday. The brokerage set a “hold” rating on the basic materials company’s stock.

A number of other analysts also recently weighed in on the stock. Noble Financial downgraded shares of Haynes International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 6th. Northcoast Research reiterated a “neutral” rating on shares of Haynes International in a report on Thursday, March 14th.

Haynes International Stock Down 0.1 %

HAYN stock opened at $60.41 on Thursday. Haynes International has a twelve month low of $41.15 and a twelve month high of $60.86. The company has a quick ratio of 1.69, a current ratio of 7.62 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $59.64 and its 200 day simple moving average is $53.17. The company has a market cap of $772.04 million, a PE ratio of 18.53, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

Haynes International (NASDAQ:HAYN) last announced its earnings results on Friday, February 9th. The basic materials company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.10). The business had revenue of $147.36 million during 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 period in the previous year, the firm earned $0.61 earnings per share. On average, research analysts anticipate that Haynes International will post 4.06 earnings per share for the current year.

Hedge Funds Weigh In On Haynes International

A number of large investors have recently added to or reduced their stakes in HAYN. JPMorgan Chase & Co. grew its holdings in shares of Haynes International by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 29,449 shares of the basic materials company’s stock worth $1,255,000 after buying an additional 1,412 shares in the last quarter. US Bancorp DE boosted its stake in shares of Haynes International by 188.8% during the 1st quarter. US Bancorp DE now owns 777 shares of the basic materials company’s stock worth $33,000 after buying an additional 508 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Haynes International by 9.1% in the 1st quarter. Citigroup Inc. now owns 10,391 shares of the basic materials company’s stock valued at $443,000 after acquiring an additional 865 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Haynes International by 6.0% in the first quarter. MetLife Investment Management LLC now owns 5,871 shares of the basic materials company’s stock valued at $250,000 after acquiring an additional 334 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Haynes International by 12.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,737 shares of the basic materials company’s stock worth $457,000 after acquiring an additional 1,147 shares in the last quarter. 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.