Hayward (NYSE:HAYW) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Hayward (NYSE:HAYW) had its target price lifted by stock analysts at The Goldman Sachs Group from $14.00 to $16.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 1.57% from the stock’s current price.

A number of other equities analysts have also commented on HAYW. KeyCorp lifted their price objective on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday. Robert W. Baird upped their target price on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their target price on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.80.

Hayward Stock Down 2.1 %

HAYW opened at $16.26 on Wednesday. Hayward has a fifty-two week low of $9.80 and a fifty-two week high of $16.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.68 and a current ratio of 2.59. The company has a market capitalization of $3.50 billion, a P/E ratio of 40.64, a P/E/G ratio of 2.50 and a beta of 1.21. The stock has a fifty day moving average of $14.81 and a 200-day moving average of $14.04.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The business had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Hayward’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Hayward will post 0.59 EPS for the current year.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,470,797.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hayward

Several hedge funds have recently added to or reduced their stakes in HAYW. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hayward by 2.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock worth $352,000 after buying an additional 784 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Hayward by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock valued at $517,000 after acquiring an additional 887 shares during the period. Bessemer Group Inc. increased its holdings in shares of Hayward by 1.4% in the 1st quarter. Bessemer Group Inc. now owns 81,400 shares of the company’s stock valued at $1,246,000 after acquiring an additional 1,100 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Hayward by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company’s stock worth $785,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in Hayward by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 110,346 shares of the company’s stock worth $1,689,000 after acquiring an additional 1,443 shares during the period.

About Hayward

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.