HAYN has been the subject of several other research reports. Zacks Investment Research lowered shares of Haynes International from a hold rating to a strong sell rating in a research report on Tuesday, November 29th. TheStreet lowered shares of Haynes International from a b- rating to a c+ rating in a research report on Monday, January 23rd. Four research analysts have rated the stock with a hold rating, Haynes International presently has a consensus rating of Hold and a consensus price target of $39.00.
Haynes International (NASDAQ:HAYN) opened at 36.01 on Tuesday. Haynes International has a 1-year low of $25.53 and a 1-year high of $48.37. The firm has a 50-day moving average of $39.23 and a 200-day moving average of $39.50. The firm has a market capitalization of $446.52 million, a price-to-earnings ratio of 112.53 and a beta of 1.65.
Haynes International (NASDAQ:HAYN) last released its quarterly earnings data on Thursday, February 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.09. Haynes International had a return on equity of 0.33% and a net margin of 1.02%. The business earned $93.36 million during the quarter, compared to analyst estimates of $100.08 million. During the same period in the previous year, the company earned $0.02 EPS. Haynes International’s revenue was down 1.8% on a year-over-year basis. On average, analysts expect that Haynes International will post $0.83 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Monday, February 27th. Haynes International’s payout ratio is 275.01%.
Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Haynes International during the fourth quarter worth $14,499,000. Thrivent Financial for Lutherans raised its stake in Haynes International by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,770 shares of the company’s stock worth $291,000 after buying an additional 410 shares during the last quarter. AQR Capital Management LLC raised its stake in Haynes International by 109.2% in the fourth quarter. AQR Capital Management LLC now owns 24,932 shares of the company’s stock worth $1,072,000 after buying an additional 13,013 shares during the last quarter. Two Sigma Investments LP raised its stake in Haynes International by 10.6% in the fourth quarter. Two Sigma Investments LP now owns 44,186 shares of the company’s stock worth $1,900,000 after buying an additional 4,241 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in Haynes International during the fourth quarter worth $221,000. 99.51% of the stock is owned by institutional investors and hedge funds.
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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