Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. ValuEngine upgraded Haynes International from a “sell” rating to a “hold” rating in a research report on Monday, March 25th.
Shares of NASDAQ:HAYN opened at $30.29 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 5.57. Haynes International has a twelve month low of $24.46 and a twelve month high of $43.20. The company has a market capitalization of $382.85 million, a P/E ratio of 105.48 and a beta of 1.72.
Haynes International (NASDAQ:HAYN) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.11). Haynes International had a return on equity of 1.12% and a net margin of 0.58%. The company had revenue of $127.47 million during the quarter, compared to analysts’ expectations of $119.64 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts forecast that Haynes International will post 0.98 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund lifted its position in shares of Haynes International by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 8,182 shares of the basic materials company’s stock valued at $216,000 after buying an additional 311 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Haynes International by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 101,516 shares of the basic materials company’s stock valued at $2,680,000 after buying an additional 514 shares in the last quarter. Northern Trust Corp lifted its position in shares of Haynes International by 0.4% during the 1st quarter. Northern Trust Corp now owns 165,439 shares of the basic materials company’s stock valued at $5,432,000 after buying an additional 665 shares in the last quarter. Swiss National Bank lifted its position in shares of Haynes International by 4.6% during the 1st quarter. Swiss National Bank now owns 22,800 shares of the basic materials company’s stock valued at $749,000 after buying an additional 1,000 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Haynes International during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 98.10% of the company’s stock.
Haynes International Company Profile
Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.
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