Research analysts at StockNews.com began coverage on shares of Haynes International (NASDAQ:HAYN – Get Free Report) in a report issued on Wednesday. The brokerage set a “hold” rating on the basic materials company’s stock.
Haynes International Stock Down 0.1 %
Shares of NASDAQ:HAYN opened at $58.59 on Wednesday. Haynes International has a 1 year low of $41.15 and a 1 year high of $60.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89. The business’s 50-day moving average is $59.64 and its 200-day moving average is $59.50. The company has a market capitalization of $748.96 million, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.11 and a beta of 1.40.
Haynes International (NASDAQ:HAYN – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.33). The business had revenue of $153.92 million during the quarter, compared to analyst estimates of $159.35 million. Haynes International had a net margin of 6.11% and a return on equity of 8.45%. Equities research analysts predict that Haynes International will post 2.55 earnings per share for the current year.
Insider Activity
Hedge Funds Weigh In On Haynes International
A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC grew its position in Haynes International by 1,035.8% in the 2nd quarter. SG Americas Securities LLC now owns 21,501 shares of the basic materials company’s stock valued at $1,262,000 after purchasing an additional 19,608 shares during the period. Gabelli Funds LLC bought a new stake in shares of Haynes International during the first quarter worth about $8,325,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of Haynes International in the 2nd quarter worth about $526,000. Nisa Investment Advisors LLC lifted its position in Haynes International by 71,414.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock valued at $1,469,000 after acquiring an additional 24,995 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in 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. 97.31% of the stock is owned by institutional investors and hedge funds.
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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