Haynes International (NASDAQ: HAYN) and Insteel Industries (NASDAQ:IIIN) are both small-cap basic materials companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, earnings, valuation, analyst recommendations, risk, dividends and profitability.
Insider and Institutional Ownership
98.6% of Haynes International shares are owned by institutional investors. Comparatively, 83.6% of Insteel Industries shares are owned by institutional investors. 4.4% of Haynes International shares are owned by insiders. Comparatively, 5.7% of Insteel Industries shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Haynes International pays an annual dividend of $0.88 per share and has a dividend yield of 2.3%. Insteel Industries pays an annual dividend of $0.12 per share and has a dividend yield of 0.4%. Haynes International pays out -112.8% of its earnings in the form of a dividend.
Earnings and Valuation
This table compares Haynes International and Insteel Industries’ gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Haynes International||$395.21 million||1.19||-$10.19 million||($0.78)||-48.27|
|Insteel Industries||$388.87 million||1.32||$22.54 million||N/A||N/A|
Insteel Industries has lower revenue, but higher earnings than Haynes International.
Risk & Volatility
Haynes International has a beta of 1.37, suggesting that its share price is 37% more volatile than the S&P 500. Comparatively, Insteel Industries has a beta of 2.02, suggesting that its share price is 102% more volatile than the S&P 500.
This table compares Haynes International and Insteel Industries’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a breakdown of current ratings for Haynes International and Insteel Industries, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Haynes International presently has a consensus price target of $36.50, indicating a potential downside of 3.05%. Insteel Industries has a consensus price target of $34.00, indicating a potential upside of 25.97%. Given Insteel Industries’ higher probable upside, analysts clearly believe Insteel Industries is more favorable than Haynes International.
Insteel Industries beats Haynes International on 9 of the 15 factors compared between the two stocks.
About Haynes International
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. The company's CRA products are used in various applications, such as chemical processing, power plant emissions control, and hazardous waste treatment. Its products also have applications in flue-gas desulfurization, oil and gas, waste incineration, industrial heat treating, automotive, instrumentation, biopharmaceuticals, and solar and nuclear fuel industries. In addition, the company produces products as seamless and welded tubulars, as well as in slab, bar, billet, and wire forms. 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.
About Insteel Industries
Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, including engineered structural mesh (ESM), concrete pipe reinforcement (CPR), and standard welded wire reinforcement (SWWR). ESM is an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; CPR is an engineered made-to-order product that is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and SWWR is a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. The company sells its products through sales representatives to the manufacturers of concrete products, distributors, rebar fabricators, and contractors primarily in the United States, as well as in Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.
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