According to Zacks, “Haynes International, Inc. is a technology-oriented company devoted primarily to the development and manufacture of high-performance nickel- and cobalt-based alloys for service in severe corrosion and high-temperature applications. Superior customer service and technical support are provided worldwide by well-trained professionals within the company. Haynes’ service centers and affiliates have available in-stock sheet, plate, bar, wire, tubing, forging stock, fittings, and flanges. “
HAYN has been the topic of several other reports. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. ValuEngine cut Wave Life Sciences from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 25th.
NASDAQ:HAYN traded down $0.04 during trading hours on Tuesday, reaching $30.20. 74,100 shares of the stock were exchanged, compared to its average volume of 53,402. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.57 and a quick ratio of 1.48. The stock has a 50-day simple moving average of $30.87. Haynes International has a twelve month low of $24.46 and a twelve month high of $43.20. The stock has a market cap of $378.45 million, a P/E ratio of -432.29 and a beta of 1.70.
Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). Haynes International had a return on equity of 1.12% and a net margin of 0.58%. The firm had revenue of $127.47 million for the quarter, compared to analyst estimates of $119.64 million. During the same quarter last year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts forecast that Haynes International will post 0.98 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in Haynes International by 20.8% during the 4th quarter. Rhumbline Advisers now owns 37,446 shares of the basic materials company’s stock valued at $989,000 after acquiring an additional 6,448 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in Haynes International during the 4th quarter valued at $126,000. BlackRock Inc. lifted its stake in Haynes International by 3.0% during the 4th quarter. BlackRock Inc. now owns 1,881,736 shares of the basic materials company’s stock valued at $49,681,000 after acquiring an additional 54,403 shares in the last quarter. Texas Permanent School Fund lifted its stake in 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 acquiring an additional 311 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Haynes International by 18.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,885 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 1,872 shares in the last quarter. Institutional investors and hedge funds own 98.09% of the company’s stock.
About Haynes International
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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