Stock analysts at StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN – Get Free Report) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the basic materials company’s stock.
Separately, Northcoast Research reaffirmed a “neutral” rating on shares of Haynes International in a report on Thursday, March 14th.
Read Our Latest Report on HAYN
Haynes International Stock Up 0.4 %
Haynes International (NASDAQ:HAYN – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.20). Haynes International had a return on equity of 8.79% and a net margin of 6.31%. The firm had revenue of $152.46 million for the quarter, compared to analyst estimates of $160.52 million. On average, analysts anticipate that Haynes International will post 3.07 EPS for the current year.
Institutional Trading of Haynes International
Institutional investors and hedge funds have recently made changes to their positions in the business. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Haynes International in the 1st quarter valued at $7,070,000. Gabelli Funds LLC bought a new stake in shares of Haynes International in the 1st quarter valued at $8,325,000. Russell Investments Group Ltd. increased its position in shares of Haynes International by 16.9% in 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 buying an additional 4,605 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Haynes International in the 1st quarter valued at $114,000. Finally, BNP Paribas Financial Markets increased its position in shares of Haynes International by 67.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock valued at $375,000 after buying an additional 2,504 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.
About Haynes International
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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