BidaskClub upgraded shares of Haynes International (NASDAQ:HAYN) from a sell rating to a hold rating in a research note published on Monday, February 5th.
Several other research analysts also recently commented on HAYN. Zacks Investment Research downgraded shares of Haynes International from a buy rating to a hold rating in a report on Tuesday, January 30th. ValuEngine downgraded shares of Haynes International from a hold rating to a sell rating in a report on Friday, February 2nd. JPMorgan Chase & Co. upgraded shares of Haynes International from a neutral rating to an overweight rating in a report on Monday, February 5th. Finally, KeyCorp restated a hold rating on shares of Haynes International in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $38.00.
Haynes International (HAYN) traded up $0.77 during mid-day trading on Monday, hitting $41.25. 71,238 shares of the company traded hands, compared to its average volume of 99,715. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.02 and a quick ratio of 1.67. Haynes International has a 1-year low of $28.97 and a 1-year high of $43.95.
Haynes International (NASDAQ:HAYN) last announced its earnings results on Thursday, February 1st. The basic materials company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.10. The firm had revenue of $89.70 million for the quarter, compared to the consensus estimate of $94.95 million. Haynes International had a negative net margin of 8.18% and a negative return on equity of 3.76%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. equities analysts forecast that Haynes International will post 0.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.22 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.13%. Haynes International’s payout ratio is currently -33.98%.
In other news, Director Dawne S. Hickton purchased 2,000 shares of Haynes International stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of $31.50 per share, for a total transaction of $63,000.00. Following the completion of the transaction, the director now directly owns 5,300 shares in the company, valued at $166,950. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.56% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Haynes International by 3.0% in the fourth quarter. BlackRock Inc. now owns 1,615,733 shares of the basic materials company’s stock valued at $51,783,000 after buying an additional 46,627 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Haynes International by 1.8% during the second quarter. Vanguard Group Inc. now owns 1,202,116 shares of the basic materials company’s stock worth $43,649,000 after purchasing an additional 21,216 shares in the last quarter. Royce & Associates LP lifted its position in shares of Haynes International by 1.4% during the fourth quarter. Royce & Associates LP now owns 1,137,816 shares of the basic materials company’s stock worth $36,467,000 after purchasing an additional 15,610 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Haynes International by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,010,059 shares of the basic materials company’s stock worth $36,271,000 after purchasing an additional 60,322 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Haynes International by 7.1% during the second quarter. State Street Corp now owns 426,006 shares of the basic materials company’s stock worth $15,469,000 after purchasing an additional 28,260 shares in the last quarter. Hedge funds and other institutional investors own 98.56% of the company’s stock.
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Haynes International Company Profile
Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.
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