Critical Comparison: Allegheny Technologies (ATI) vs. Haynes International (HAYN)

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Allegheny Technologies (NYSE:ATI) and Haynes International (NASDAQ:HAYN) are both basic materials companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, earnings, analyst recommendations, risk, valuation, dividends and institutional ownership.

Institutional and Insider Ownership

99.2% of Haynes International shares are held by institutional investors. 1.0% of Allegheny Technologies shares are held by company insiders. Comparatively, 3.2% of Haynes International shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of recent recommendations for Allegheny Technologies and Haynes International, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Allegheny Technologies 0 2 9 0 2.82
Haynes International 0 1 0 0 2.00

Allegheny Technologies currently has a consensus target price of $33.68, indicating a potential upside of 29.55%. Given Allegheny Technologies’ stronger consensus rating and higher probable upside, equities research analysts clearly believe Allegheny Technologies is more favorable than Haynes International.

Profitability

This table compares Allegheny Technologies and Haynes International’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Allegheny Technologies 5.50% 10.28% 3.84%
Haynes International -0.18% 0.02% 0.01%

Valuation & Earnings

This table compares Allegheny Technologies and Haynes International’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Allegheny Technologies $4.05 billion 0.81 $222.40 million $1.51 17.22
Haynes International $435.33 million 0.94 -$21.75 million ($0.07) -467.57

Allegheny Technologies has higher revenue and earnings than Haynes International. Haynes International is trading at a lower price-to-earnings ratio than Allegheny Technologies, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk

Allegheny Technologies has a beta of 2.41, suggesting that its share price is 141% more volatile than the S&P 500. Comparatively, Haynes International has a beta of 1.8, suggesting that its share price is 80% more volatile than the S&P 500.

Dividends

Haynes International pays an annual dividend of $0.88 per share and has a dividend yield of 2.7%. Allegheny Technologies does not pay a dividend. Haynes International pays out -1,257.1% of its earnings in the form of a dividend.

Summary

Allegheny Technologies beats Haynes International on 11 of the 16 factors compared between the two stocks.

Allegheny Technologies Company Profile

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts. This segment serves aerospace and defense, medical, oil and gas, and electrical energy markets. The Flat-Rolled Products segment provides stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys in various product forms, including plate, sheet, engineered strip, and Precision Rolled Strip products. This segment serves various markets, such as chemical and hydrocarbon processing, automotive, aerospace and defense, food processing equipment and appliances, construction and mining, electronics, communication equipment, and computers. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.

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. The company's CRA products are used in various applications, including 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.

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