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

29 Sep 2024, 03:35 by Scott Moore · The Cerbat Gem

StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN – Free Report) in a report released on Thursday morning. The firm issued a hold rating on the basic materials company’s stock.

Haynes International Stock Down 0.1 %

HAYN opened at $59.16 on Thursday. The company’s 50-day moving average price is $59.58 and its two-hundred day moving average price is $59.47. Haynes International has a twelve month low of $41.15 and a twelve month high of $60.86. The stock has a market cap of $756.24 million, a price-to-earnings ratio of 19.99, a PEG ratio of 1.10 and a beta of 1.40. The company has a quick ratio of 1.89, a current ratio of 7.74 and a debt-to-equity ratio of 0.22.

Haynes International (NASDAQ:HAYN – Get Free Report) last announced 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 business had revenue of $153.92 million for the quarter, compared to analysts’ expectations of $159.35 million. As a group, equities analysts expect that Haynes International will post 2.55 earnings per share for the current year.

Haynes International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.22 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.49%. Haynes International’s dividend payout ratio is presently 29.73%.

Insiders Place Their Bets

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 30,287 shares of the company’s stock, valued at $1,806,922.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Haynes International

A number of large investors have recently modified their holdings of HAYN. SG Americas Securities LLC bought a new position in shares of Haynes International in the 1st quarter worth about $114,000. BNP Paribas Financial Markets raised its position in 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 worth $375,000 after buying an additional 2,504 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new position in Haynes International during the 2nd quarter valued at about $526,000. Nisa Investment Advisors LLC boosted its holdings in Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after purchasing an additional 24,995 shares during the last quarter. Finally, Russell Investments Group Ltd. raised 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 buying an additional 4,605 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Haynes International Company Profile

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