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HAYN $60.99

HAYN target price
60.99
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Haynes International, Inc.
Type
Public company
Traded as NASDAQ: HAYN
S&P 600 Component
Industry Metal
Founded 1912
Founder Elwood Haynes
Headquarters Kokomo, Indiana
Key people
Mark Comerford, President & CEO
Products Corrosion-Resistant Alloys
High-Temperature Alloys
Production output
18.0 million pounds of metal
Revenue Decrease US$406 million (FY 2016)
Operating income
Decrease US$4 million (FY 2016)
Net income
Decrease US$5 million (FY 2016)
Total assets Decrease US$638 million (FY 2016)
Total equity Increase US$341 million (FY 2016)
Number of employees
1,123 (September 30, 2016)
Website www.haynesintl.com

Haynes International, Inc., headquartered in Kokomo, Indiana, is one of the world’s largest producers of high‑performance nickel‑ and cobalt-based alloys in flat product form such as sheet, coil and plate forms; it also manufactures alloys in seamless and welded tubulars, and in slab, bar, billet and wire forms. The company specializes in corrosion-resistant and high-temperature alloys for the aerospace, chemical processing and industrial gas turbine industries.

The company was founded by Elwood Haynes in 1912 in Kokomo, Indiana, as Haynes Stellite Works. Haynes had recently received a patent for a metal he created, which he named Stellite.

In 1920, the company was purchased by Union Carbide.

In 1922, the company invented its first alloy under the Hastelloy brand, derived from the first letters of the words Haynes Stellite Alloy.

In 1927, Charles Lindberg's aircraft, the Spirit of St. Louis, which included hard-surfaced engine valves manufactured by Haynes, crossed the Atlantic Ocean.

In 1970, Cabot Corporation purchased the company.

In 1989, the investment banking firm of Morgan, Lewis, Githens, and Ahn purchased the company.

In 1997, the Blackstone Group purchased the company. The debt incurred ultimately forced Haynes into bankruptcy in March 2004, from which it emerged 5 months later in August 2004.

In 1999, the company opened an office in Singapore, its first sales office in Asia.

In 2004, the company acquired Branford Wire & Manufacturing of Mountain Home, North Carolina.

In March 2007, Haynes completed a public equity offering.

In addition to Kokomo, Haynes has manufacturing facilities in Arcadia, Louisiana, and Mountain Home, North Carolina. The Kokomo facility specializes in flat products, the Arcadia facility in tubular products, and the Mountain Home facility in wire products.

The space shuttle’s engines have a total of 47 parts made from Haynes 188 alloy and 7 from Haynes' Hastelloy B alloy. Hastelloy C-22 alloy is used for the fuel line bellows that assist in achieving takeoff.

The company's revenues in fiscal year 2016 were derived from the following industries:

The company produces 12 corrosion-resistant alloys that it markets under the Hastelloy brand. These alloys are based on nickel and can survive in high-temperature, high-stress situations such as chemical reactors.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2022-11-16 Future report Set alerts
Q3 2022 2022-07-28 1.24 1.24
Q2 2022 2022-04-28 0.67 0.67
Q1 2022 2022-01-27 0.37 0.37
Q4 2021 2021-11-18 0.20 0.20
Q3 2021 2021-07-29 0.03 0.03
Q2 2021 2021-04-29 -0.29 -0.29
Q1 2021 2021-01-28 -0.65 -0.65
Q4 2020 2020-11-19 -0.46 -0.46
Q3 2020 2020-07-30 -0.65 -0.65

Ratings

2016-07-07 Upgrade Rosenblatt Securities Neutral to Buy $37.00
2016-02-29 Initiated Coverage Rosenblatt Securities Neutral $33.00
2015-11-23 Lower Price Target JPMorgan Chase & Co. $49.00 to $46.00
2015-11-02 Lower Price Target JPMorgan Chase & Co. Outperform $69.00 to $51.00
2015-10-19 Lower Price Target JPMorgan Chase & Co. $55.00 to $49.00
2015-09-29 Initiated Coverage Singular Research Buy $48.00
2015-05-19 Upgrade Tigress Financial Underperform to Neutral
2015-02-10 Lower Price Target JPMorgan Chase & Co. Overweight $69.00 to $51.00
2014-05-12 Boost Price Target JPMorgan Chase & Co. Overweight $59.00 to $66.00
2014-01-09 Initiated Coverage Credit Suisse Neutral $56.00
2013-11-22 Downgrade Topeka Capital Markets Buy to Hold $61.00 to $51.00
2013-10-01 Initiated Coverage Bank of America Buy $56.00
2009-02-10 Downgrade JP Morgan Overweight to Neutral
2007-07-06 Initiated Bear Stearns Outperform $105
2007-05-09 Upgrade KeyBanc Capital Mkts / McDonald Hold to Aggressive Buy $110
2007-04-30 Initiated KeyBanc Capital Mkts / McDonald Hold
2016-07-07 Upgrade Rosenblatt Securities Neutral to Buy $37.00
2016-02-29 Initiated Coverage Rosenblatt Securities Neutral $33.00
2015-11-23 Lower Price Target JPMorgan Chase & Co. $49.00 to $46.00
2015-11-02 Lower Price Target JPMorgan Chase & Co. Outperform $69.00 to $51.00
2015-10-19 Lower Price Target JPMorgan Chase & Co. $55.00 to $49.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
COMERFORD MARK CEO and President 0.43%  (53539) HAYN /
Corey John C 0.20%  (25099) HAYN / SRI /
GETZ ROBERT 0.15%  (18075) HAYN /
BOHAN PAUL J 0.15%  (18050) HAYN / REV /
Campion Donald C 0.14%  (17555) HAYN /
Wall William P 0.13%  (16556) HAYN / RESI / STAA /
Losch Marlin C III VP, Sales and Distribution 0.12%  (15133) HAYN /
McCarthy Timothy J 0.11%  (14263) HAYN /
Pinkham Scott R VP - Manufacturing 0.11%  (13752) HAYN /
SHOR MICHAEL L 0.10%  (12150) HAYN / WGA /
Martin Marcel CFO, VP - Finance 0.09%  (11400) HAYN /
Maudlin Daniel W Controller, Chief Acctg Ofcr 0.09%  (10756) HAYN /
Neel Jean C VP - Corporate Affairs 0.08%  (10190) HAYN /
Ishwar Venkat VP - Technology 0.08%  (10171) HAYN /
Young Jeffrey Lee VP, Chief Information Officer 0.07%  (8493) HAYN /
Wilken Janice Catherine VP-General Counsel & Secretary 0.06%  (7428) HAYN /
Spalding Gregory M VP Tube and Wire Products 0.06%  (7317) HAYN /
Van Bibber David Sean Controller, Chief Acctng Oficr 0.05%  (5992) HAYN /
HICKTON DAWNE S 0.04%  (5300) HAYN / JEC / RTI / TGI /
Knapper Anastacia S VP - Gen. Counsel, Secretary 0.04%  (5010) HAYN / VRA /