Haynes International (NASDAQ:HAYN) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Haynes International (NASDAQ:HAYN) in a report issued on Friday. The brokerage set a “hold” rating on the basic materials company’s stock.

A number of other brokerages have also recently commented on HAYN. Northcoast Research reiterated a “neutral” rating on shares of Haynes International in a report on Thursday, March 14th. Noble Financial lowered Haynes International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 6th.

Haynes International Stock Performance

Shares of HAYN opened at $60.25 on Friday. Haynes International has a 12-month low of $41.15 and a 12-month high of $60.86. The stock has a market cap of $770.00 million, a P/E ratio of 18.48, a PEG ratio of 0.75 and a beta of 1.43. The company has a current ratio of 7.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $59.91 and a two-hundred day moving average of $53.88.

Haynes International (NASDAQ:HAYN) last announced its earnings results on Friday, February 9th. The basic materials company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.10). The company had revenue of $147.36 million for the quarter, compared to analyst estimates of $151.94 million. Haynes International had a net margin of 6.94% and a return on equity of 9.89%. During the same quarter last year, the company posted $0.61 EPS. As a group, research analysts predict that Haynes International will post 3.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HAYN. JPMorgan Chase & Co. raised its position in shares of Haynes International by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 29,449 shares of the basic materials company’s stock worth $1,255,000 after buying an additional 1,412 shares during the period. US Bancorp DE raised its position in shares of Haynes International by 188.8% in the 1st quarter. US Bancorp DE now owns 777 shares of the basic materials company’s stock worth $33,000 after buying an additional 508 shares during the period. Citigroup Inc. raised its position in shares of Haynes International by 9.1% in the 1st quarter. Citigroup Inc. now owns 10,391 shares of the basic materials company’s stock worth $443,000 after buying an additional 865 shares during the period. MetLife Investment Management LLC raised its position in shares of Haynes International by 6.0% in the 1st quarter. MetLife Investment Management LLC now owns 5,871 shares of the basic materials company’s stock worth $250,000 after buying an additional 334 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Haynes International by 12.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,737 shares of the basic materials company’s stock worth $457,000 after buying an additional 1,147 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.