Public Employees Retirement Fund Sells Haynes International Stock

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Haynes International Stock Intrinsic Value – Haynes International ($NASDAQ:HAYN) is a publicly traded company that manufactures and sells high-performance alloys. The Oregon Public Employees Retirement Fund recently sold some of its Haynes International stock. While the reason for the sale is not clear, it may be due to the company’s recent financial troubles.

Haynes International has been struggling to meet its debt obligations and its stock price has been volatile. The company is also facing a number of lawsuits. Despite these challenges, Haynes International remains a strong company with a long history of success.

Stock Price

The stock opened at $44.1 and closed at $45.3, up by 2.1% from the previous closing price of 44.3. The fund held onto the stock for a few months before selling it. The reason for the sale is unknown.

VI Analysis – Haynes International Stock Intrinsic Value

HAYNES INTERNATIONAL is a company with strong fundamentals that reflect its long term potential. The intrinsic value of HAYNES INTERNATIONAL shares is around $36.7, calculated by VI Line. Now, HAYNES INTERNATIONAL stock is traded at $45.3, overvalued by 24%.

VI Peers

The company’s alloys are used in a variety of industries, including aerospace, chemical processing, and power generation. Haynes International‘s main competitors are Allegheny Technologies Inc, Thermodynetics Inc, HydrogenPro AS.

– Allegheny Technologies Inc ($NYSE:ATI)

Allegheny Technologies Inc is a specialty metals company with a market cap of 3.88B as of 2022. They have a Return on Equity of 13.59%. The company produces and sells a variety of specialty metals and alloys, including stainless steel, titanium, and nickel-based alloys. They serve a wide range of industries, including aerospace, chemical processing, oil and gas, and power generation.

– Thermodynetics Inc ($OTCPK:TDYT)

Thermodynetics Inc is a company that manufactures and sells heat exchangers and related products. The company has a market capitalization of 97.5 million and a return on equity of 831.89%. The company’s products are used in a variety of industries, including automotive, aerospace, and chemical processing. Thermodynetics has a strong market presence and is a leading supplier of heat exchangers in North America. The company’s products are backed by a team of experienced engineers and a quality management system that is ISO 9001:2008 certified.

– HydrogenPro AS ($OTCPK:HYPRF)

Hydrogen Pro AS has a market cap of 186.33M as of 2022. It is a Return on Equity of -9.52%. The company produces hydrogen fuel cells and related technologies. Its products are used in a variety of applications, including transportation, stationary power, and portable power.

Summary

Haynes International is a publicly traded company that manufactures high performance alloys. The company’s stock is available for purchase through many major brokerages and online stock platforms. Haynes International has a long history of dividend payments, and its shares have traditionally been popular with income-focused investors. The company’s alloys are used in a variety of industries, including aerospace, chemical processing, and power generation. Haynes International’s products are known for their high strength and resistance to corrosion and wear. The company has a strong competitive position in its core markets, and its products are used by some of the world’s largest manufacturers. Despite its strong fundamentals, Haynes International’s stock has been under pressure in recent years due to a number of factors, including declining demand from the oil and gas industry and concerns about the company’s exposure to China.

However, Haynes International remains a well-positioned player in its markets, and its shares could be attractive to long-term investors.