Haynes International (NASDAQ:HAYN) Upgraded at BidaskClub

BidaskClub upgraded shares of Haynes International (NASDAQ:HAYN) from a buy rating to a strong-buy rating in a report released on Thursday, March 15th.

HAYN has been the topic of several other reports. Zacks Investment Research raised shares of Haynes International from a hold rating to a buy rating and set a $48.00 price objective on the stock in a research note on Wednesday, March 7th. ValuEngine cut shares of Haynes International from a hold rating to a sell rating in a research note on Friday, February 2nd. KeyCorp reissued a hold rating on shares of Haynes International in a research note on Thursday, November 16th. Finally, JPMorgan Chase upgraded shares of Haynes International from a neutral rating to an overweight rating in a research report on Monday, February 5th. One equities research 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. Haynes International has a consensus rating of Hold and a consensus price target of $41.00.

How to Become a New Pot Stock Millionaire

HAYN traded down $0.46 during trading on Thursday, hitting $37.65. The stock had a trading volume of 101,479 shares, compared to its average volume of 115,856. 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 twelve month low of $28.97 and a twelve month high of $45.14.

Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.10. The company had revenue of $89.70 million for the quarter, compared to analysts’ expectations of $94.95 million. Haynes International had a negative net margin of 8.18% and a negative return on equity of 3.76%. Haynes International’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. sell-side analysts predict that Haynes International will post 0.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.34%. Haynes International’s payout ratio is currently -112.82%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP boosted its position in shares of Haynes International by 1.4% during the 4th 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. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Haynes International by 6.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 28,265 shares of the basic materials company’s stock worth $906,000 after purchasing an additional 1,648 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Haynes International by 1,968.2% during the 3rd quarter. Wells Fargo & Company MN now owns 191,428 shares of the basic materials company’s stock worth $6,875,000 after purchasing an additional 182,172 shares in the last quarter. Boston Partners boosted its position in shares of Haynes International by 141.8% during the 3rd quarter. Boston Partners now owns 295,230 shares of the basic materials company’s stock worth $10,602,000 after purchasing an additional 173,120 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Haynes International by 16.1% during the 4th quarter. Victory Capital Management Inc. now owns 51,200 shares of the basic materials company’s stock worth $1,641,000 after purchasing an additional 7,100 shares in the last quarter. Institutional investors own 98.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Haynes International (NASDAQ:HAYN) Upgraded at BidaskClub” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/08/haynes-international-hayn-upgraded-to-strong-buy-at-bidaskclub.html.

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, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.

Receive News & Ratings for Haynes International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply