Stock analysts at StockNews.com initiated coverage on shares of Haynes International (NASDAQ:HAYN – Get Free Report) in a research note issued on Friday. The firm set a “hold” rating on the basic materials company’s stock.
Haynes International Trading Up 0.1 %
NASDAQ:HAYN opened at $59.55 on Friday. The company has a market capitalization of $761.23 million, a PE ratio of 20.12, a P/E/G ratio of 1.10 and a beta of 1.39. Haynes International has a 52-week low of $41.15 and a 52-week high of $60.86. The stock’s 50 day moving average price is $59.57 and its 200 day moving average price is $59.47. 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 earnings results on Thursday, August 1st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). The business had revenue of $153.92 million for the quarter, compared to analysts’ expectations of $159.35 million. Haynes International had a return on equity of 8.45% and a net margin of 6.11%. On average, research analysts anticipate that Haynes International will post 2.55 EPS for the current year.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Haynes International in the 1st quarter valued at approximately $114,000. BNP Paribas Financial Markets grew its holdings in Haynes International by 67.1% during 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 during the period. Cornercap Investment Counsel Inc. purchased a new position in Haynes International in the second quarter worth $526,000. Nisa Investment Advisors LLC raised its position 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 acquiring an additional 24,995 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Haynes International by 16.9% in the first 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 period. 97.31% of the stock is currently owned by institutional investors and hedge funds.
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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