StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN – Free Report) in a report published on Friday morning. The brokerage issued a hold rating on the basic materials company’s stock.
Haynes International Price Performance
Shares of NASDAQ:HAYN opened at $59.55 on Friday. The company has a 50 day moving average of $59.57 and a 200 day moving average of $59.46. The company has a current ratio of 7.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. The stock has a market cap of $761.23 million, a P/E ratio of 20.12, a P/E/G ratio of 1.10 and a beta of 1.39. Haynes International has a 12 month low of $41.15 and a 12 month high of $60.86.
Haynes International (NASDAQ:HAYN – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). Haynes International had a net margin of 6.11% and a return on equity of 8.45%. The firm had revenue of $153.92 million for the quarter, compared to analysts’ expectations of $159.35 million. As a group, sell-side analysts forecast that Haynes International will post 2.55 EPS for the current fiscal year.
Haynes International Dividend Announcement
Insider Activity
In related news, CFO Daniel W. Maudlin sold 6,744 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $59.66, for a total value of $402,347.04. Following the sale, the chief financial officer now directly owns 30,287 shares of the company’s stock, valued at $1,806,922.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.10% of the company’s stock.
Hedge Funds Weigh In On Haynes International
A number of institutional investors have recently made changes to their positions in HAYN. BNP Paribas Financial Markets grew its position in Haynes International by 67.1% in the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 2,504 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Haynes International in the 1st quarter worth about $114,000. Russell Investments Group Ltd. increased 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 purchasing an additional 4,605 shares during the last quarter. Gabelli Funds LLC purchased a new position in shares of Haynes International during the 1st quarter valued at about $8,325,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Haynes International in the 1st quarter worth approximately $7,070,000. 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.
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