StockNews.com Begins Coverage on Haynes International (NASDAQ:HAYN)

Investment analysts at StockNews.com started coverage on shares of Haynes International (NASDAQ:HAYN - Get Free Report) in a report released on Thursday. The brokerage set a "hold" rating on the basic materials company's stock.

Other equities research analysts have also issued reports about the stock. Northcoast Research reaffirmed a "neutral" rating on shares of Haynes International in a report on Thursday, March 14th. Noble Financial lowered shares of 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 traded up $0.27 during trading hours on Thursday, reaching $60.68. 332,854 shares of the company traded hands, compared to its average volume of 208,702. The stock has a market capitalization of $775.49 million, a P/E ratio of 18.61, a P/E/G ratio of 0.71 and a beta of 1.43. The company has a quick ratio of 1.69, a current ratio of 7.62 and a debt-to-equity ratio of 0.26. Haynes International has a 12-month low of $41.15 and a 12-month high of $60.86. The business has a fifty day moving average price of $59.74 and a 200-day moving average price of $53.22.

Haynes International (NASDAQ:HAYN - Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.60 earnings per share 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 analysts' expectations of $151.94 million. Haynes International had a net margin of 6.94% and a return on equity of 9.89%. During the same period last year, the firm earned $0.61 earnings per share. Equities analysts anticipate that Haynes International will post 4.06 EPS for the current fiscal year.

Institutional Trading of Haynes International

A number of hedge funds have recently bought and sold shares of HAYN. State Street Corp raised its holdings in Haynes International by 23.3% in the 1st quarter. State Street Corp now owns 602,492 shares of the basic materials company's stock valued at $25,666,000 after acquiring an additional 113,889 shares during the last quarter. Wasatch Advisors Inc. acquired a new stake in Haynes International in the 1st quarter valued at about $4,131,000. Wellington Management Group LLP acquired a new stake in Haynes International in the 1st quarter valued at about $3,889,000. Diamond Hill Capital Management Inc. acquired a new stake in Haynes International in the 3rd quarter valued at about $1,698,000. Finally, EAM Global Investors LLC acquired a new stake in Haynes International in the 4th quarter valued at about $1,559,000. Institutional investors and hedge funds 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.