Short Interest in Haynes International, Inc. (NASDAQ:HAYN) Increases By 29.0%

Haynes International, Inc. (NASDAQ:HAYN) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 278,400 shares, a growth of 29.0% from the March 31st total of 215,800 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 248,400 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com assumed coverage on Haynes International in a research note on Saturday. They issued a “hold” rating on the stock. Northcoast Research reiterated a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th. Finally, Noble Financial downgraded shares of Haynes International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 6th.

Haynes International Trading Up 0.0 %

Haynes International stock opened at $60.33 on Tuesday. Haynes International has a one year low of $41.15 and a one year high of $60.86. The stock has a market cap of $771.02 million, a PE ratio of 18.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.69 and a current ratio of 7.62. The stock has a 50-day moving average of $59.99 and a two-hundred day moving average of $54.56.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share (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 in the previous year, the company posted $0.61 EPS. On average, research analysts anticipate that Haynes International will post 3.83 EPS for the current fiscal year.

Haynes International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.46%. Haynes International’s dividend payout ratio is currently 26.99%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Covestor Ltd increased its holdings in Haynes International by 484.2% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock worth $74,000 after buying an additional 1,317 shares during the period. New York State Teachers Retirement System grew its position in Haynes International by 2.4% during the 4th quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after purchasing an additional 600 shares during the period. Russell Investments Group Ltd. grew its position in Haynes International by 352.9% during the 4th quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after purchasing an additional 21,225 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in shares of Haynes International in the 3rd quarter valued at about $1,698,000. Finally, Foundry Partners LLC boosted its stake in shares of Haynes International by 10.1% in the third quarter. Foundry Partners LLC now owns 102,925 shares of the basic materials company’s stock worth $4,788,000 after buying an additional 9,435 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Haynes International Company Profile

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.