Haynes International (NASDAQ:HAYN) Sets New 1-Year High at $60.86

Haynes International, Inc. (NASDAQ:HAYN - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $60.86 and last traded at $60.80, with a volume of 163406 shares traded. The stock had previously closed at $60.41.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HAYN. Noble Financial cut Haynes International from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 6th. Northcoast Research reaffirmed a "neutral" rating on shares of Haynes International in a report on Thursday, March 14th. Finally, StockNews.com assumed coverage on shares of Haynes International in a report on Thursday. They issued a "hold" rating on the stock.

Haynes International Stock Up 0.4 %

The business has a 50-day moving average price of $59.74 and a 200-day moving average price of $53.22. The stock has a market cap of $775.49 million, a PE ratio of 18.61, a price-to-earnings-growth ratio of 0.71 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.

Haynes International (NASDAQ:HAYN - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.10). Haynes International had a return on equity of 9.89% and a net margin of 6.94%. The company had revenue of $147.36 million for the quarter, compared to analyst estimates of $151.94 million. During the same quarter last year, the company earned $0.61 EPS. As a group, analysts forecast that Haynes International, Inc. will post 4.06 earnings per share for the current year.

Haynes International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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 1.45%. Haynes International's payout ratio is presently 26.99%.

Hedge Funds Weigh In On Haynes International

A number of institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC grew its stake 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 valued at $250,000 after buying an additional 334 shares during the period. BNP Paribas Arbitrage SNC increased its stake in Haynes International by 11.1% during the third quarter. BNP Paribas Arbitrage SNC now owns 4,026 shares of the basic materials company's stock worth $141,000 after acquiring an additional 402 shares during the last quarter. Captrust Financial Advisors raised its position in Haynes International by 77.8% in the second quarter. Captrust Financial Advisors now owns 1,083 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 474 shares during the period. US Bancorp DE lifted its stake 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 valued at $33,000 after purchasing an additional 508 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of 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. Hedge funds and other institutional investors own 97.31% of the company's stock.

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.