StockNews.com Initiates Coverage on Haynes International (NASDAQ:HAYN)

StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYNGet Free Report) in a report released on Friday. The firm set a “hold” rating on the basic materials company’s stock.

Separately, Northcoast Research restated a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th.

Get Our Latest Analysis on Haynes International

Haynes International Stock Down 0.6 %

HAYN stock opened at $58.14 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.75 and a current ratio of 7.63. The company has a market capitalization of $743.20 million, a price-to-earnings ratio of 19.64, a PEG ratio of 0.91 and a beta of 1.40. Haynes International has a fifty-two week low of $41.15 and a fifty-two week high of $60.86. The stock has a fifty day moving average of $59.50 and a 200-day moving average of $57.61.

Haynes International (NASDAQ:HAYNGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.20). The firm had revenue of $152.46 million for the quarter, compared to the consensus estimate of $160.52 million. Haynes International had a return on equity of 8.79% and a net margin of 6.31%. As a group, equities research analysts predict that Haynes International will post 3.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Haynes International in the 1st quarter worth about $7,070,000. Gabelli Funds LLC bought a new stake in shares of Haynes International during the 1st quarter valued at about $8,325,000. Russell Investments Group Ltd. boosted its position in shares of Haynes International by 16.9% during 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 acquiring an additional 4,605 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Haynes International during the 1st quarter valued at about $114,000. Finally, BNP Paribas Financial Markets boosted its position 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 valued at $375,000 after acquiring an additional 2,504 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Haynes International Company Profile

(Get Free Report)

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.

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