Haynes International (HAYN) Stock Price, News & Analysis

Company Overview

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. It also provides corrosion-resistant alloys used in various applications, including chemical processing, power plant emissions control, and hazardous waste treatment. In addition, its products also have applications in flue-gas desulfurization, oil and gas, waste incineration, industrial heat treating, automotive, thermocouples, sensors and instrumentation, biopharmaceuticals, solar, and nuclear fuel. Further, the company produces its products in various forms, such as seamless and welded tubulars, slab, bar, billet, and wire. Additionally, it sells its products primarily through direct sales organizations, and network of independent distributors and sales agents. Haynes International, Inc. was founded in 1912 and is headquartered in Kokomo, Indiana.

Key Stats

• Today's Range: $60.93 to $61.01
• 50-Day Range: $58.50 to $60.99
• 52-Week Range: $47.69 to $61.01
• Volume: 1.04 million shs
• Average Volume: 163,041 shs
• Market Capitalization: $779.45 million
• P/E Ratio: 20.96
• Dividend Yield: 1.44%
• Price Target: N/A
• Consensus Rating: Hold

Haynes International Stock Analysis - MarketRank™

Haynes International scored higher than 78% of companies evaluated by MarketBeat, and ranked 68th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Haynes International.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 36.25%

Earnings Growth

Earnings for Haynes International are expected to grow by 36.25% in the coming year, from $2.51 to $3.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Haynes International is 20.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Haynes International is 20.96, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 117.16.

Price to Earnings Growth Ratio

Haynes International has a PEG Ratio of 0.85. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Haynes International has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.99% of the float of Haynes International has been sold short.

Short Interest Ratio / Days to Cover

Haynes International has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Haynes International has recently increased by 55.61%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Haynes International pays a meaningful dividend of 1.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Haynes International does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Haynes International is 30.24%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Haynes International will have a dividend payout ratio of 25.73% next year. This indicates that Haynes International will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.2 / 5
• Environmental Score: -5.10

Percentage of Shares Shorted

4.99% of the float of Haynes International has been sold short.

Short Interest Ratio / Days to Cover

Haynes International has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Haynes International has recently increased by 55.61%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.33

News Sentiment

Haynes International has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Haynes International this week, compared to 4 articles on an average week.

Search Interest

1 people have searched for HAYN on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added Haynes International to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Haynes International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $402,347.00 in company stock.

Percentage Held by Insiders

Only 6.10% of the stock of Haynes International is held by insiders.

Percentage Held by Institutions

97.31% of the stock of Haynes International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HAYN Stock Analysis - Frequently Asked Questions

How have HAYN shares performed this year?

Haynes International's stock was trading at $57.05 on January 1st, 2024. Since then, HAYN stock has increased by 6.9% and is now trading at $60.99.
View the best growth stocks for 2024 here.

How were Haynes International's earnings last quarter?

Haynes International, Inc. (NASDAQ:HAYN) posted its quarterly earnings data on Thursday, August, 1st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by $0.33. The basic materials company earned $153.92 million during the quarter, compared to the consensus estimate of $159.35 million. Haynes International had a trailing twelve-month return on equity of 8.45% and a net margin of 6.11%.

Does Haynes International have any subsidiaries?

Haynes International subsidiaries include Haynes International AG, Haynes International (China) Ltd., Haynes International (China) Trading Co. Ltd., Haynes International K. K., Haynes International Ltd., Haynes International S.A.R.L., Haynes International S.r.l., Haynes Pacific Pte. Ltd., and LaPorte Custom Metal Processing LLC.

Who are Haynes International's major shareholders?

Top institutional shareholders of Haynes International include Geode Capital Management LLC (2.34%), Anson Funds Management LP (0.19%), New York State Teachers Retirement System (0.19%) and BNP Paribas Financial Markets (0.02%). Insiders that own company stock include Daniel W Maudlin, Marlin C Losch III, Scott R Pinkham, Venkat Ishwar and Bibber David Sean Van.
View institutional ownership trends.

How do I buy shares of Haynes International?

Shares of HAYN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Haynes International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Haynes International investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 9/16 Dividend: 8/30/2024
• Dividend Payable: 9/16/2024
• Today: 11/20/2024
• Next Earnings (Estimated): 11/21/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Steel works, blast furnaces, & rolling & finishing mills
• Sub-Industry: Steel
• Current Symbol: NASDAQ:HAYN
• CUSIP: 42087720
• CIK: 858655
• Web: www.haynesintl.com
• Phone: (765) 456-6012
• Fax: 765-456-6000
• Employees: 1,284
• Year Founded: 1912

Profitability

• EPS (Most Recent Fiscal Year): $2.91
• Trailing P/E Ratio: 20.96
• Forward P/E Ratio: 24.30
• P/E Growth: 0.85
• Net Income: $41.97 million
• Net Margins: 6.11%
• Pretax Margin: 7.46%
• Return on Equity: 8.45%
• Return on Assets: 5.38%

Debt

• Debt-to-Equity Ratio: 0.22
• Current Ratio: 7.74
• Quick Ratio: 1.89

Sales & Book Value

• Annual Sales: $589.96 million
• Price / Sales: 1.32
• Cash Flow: $4.76 per share
• Price / Cash Flow: 12.81
• Book Value: $34.11 per share
• Price / Book: 1.79

Miscellaneous

• Outstanding Shares: 12,780,000
• Free Float: 12,005,000
• Market Cap: $779.45 million
• Optionable: Optionable
• Beta: 1.39