BidaskClub cut shares of Haynes International (NASDAQ:HAYN) from a hold rating to a sell rating in a research report report published on Thursday morning.

Several other brokerages also recently commented on HAYN. KeyCorp reaffirmed a hold rating on shares of Haynes International in a research note on Friday, November 16th. Zacks Investment Research downgraded shares of Haynes International from a hold rating to a sell rating in a research note on Wednesday, February 6th. Finally, ValuEngine downgraded shares of Haynes International from a hold rating to a sell rating in a research note on Tuesday, March 12th.

Shares of NASDAQ:HAYN opened at $32.06 on Thursday. Haynes International has a 52 week low of $24.46 and a 52 week high of $44.19. The company has a quick ratio of 1.35, a current ratio of 5.98 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $391.80 million, a price-to-earnings ratio of -458.00 and a beta of 1.80.

Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, January 31st. The basic materials company reported ($0.13) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). Haynes International had a negative net margin of 0.18% and a positive return on equity of 0.02%. The firm had revenue of $107.07 million during the quarter, compared to the consensus estimate of $104.63 million. On average, research analysts anticipate that Haynes International will post 1.39 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 28th. Haynes International’s dividend payout ratio (DPR) is presently -1,257.14%.

Several institutional investors have recently added to or reduced their stakes in HAYN. Boston Partners boosted its holdings in shares of Haynes International by 41.7% in the fourth quarter. Boston Partners now owns 516,290 shares of the basic materials company’s stock valued at $13,630,000 after buying an additional 151,884 shares during the period. BlackRock Inc. boosted its holdings in shares of Haynes International by 5.5% in the third quarter. BlackRock Inc. now owns 1,827,333 shares of the basic materials company’s stock valued at $64,869,000 after buying an additional 94,812 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Haynes International by 45.5% in the third quarter. Renaissance Technologies LLC now owns 122,800 shares of the basic materials company’s stock valued at $4,359,000 after buying an additional 38,400 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Haynes International by 2.9% in the third quarter. Vanguard Group Inc. now owns 1,276,687 shares of the basic materials company’s stock valued at $45,323,000 after buying an additional 36,334 shares during the period. Finally, Vanguard Group Inc boosted its holdings in shares of Haynes International by 2.9% in the third quarter. Vanguard Group Inc now owns 1,276,687 shares of the basic materials company’s stock valued at $45,323,000 after buying an additional 36,334 shares during the period. Institutional investors own 99.22% of the company’s stock.

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, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.

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