Hayward Holdings, Inc. (NYSE:HAYW) Receives Average Rating of “Hold” from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.80.

A number of research firms have weighed in on HAYW. The Goldman Sachs Group upped their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus increased their price target on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Robert W. Baird upped their price objective on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, KeyCorp lifted their target price on Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at Hayward

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the sale, the chief financial officer now owns 258,903 shares of the company’s stock, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.96, for a total value of $1,596,000.00. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $8,343,872.04. This represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HAYW. MSD Capital L P bought a new position in Hayward in the third quarter worth approximately $418,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Hayward by 18.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock worth $86,476,000 after buying an additional 878,705 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Hayward by 0.6% during the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock valued at $78,591,000 after buying an additional 32,514 shares during the period. American Century Companies Inc. raised its holdings in shares of Hayward by 13.6% in the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after acquiring an additional 558,227 shares in the last quarter. Finally, State Street Corp lifted its stake in Hayward by 8.5% in the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock worth $66,810,000 after acquiring an additional 341,424 shares during the period.

Hayward Trading Up 0.7 %

Shares of Hayward stock opened at $15.55 on Tuesday. Hayward has a 1-year low of $11.81 and a 1-year high of $16.87. The company’s fifty day simple moving average is $15.85 and its 200-day simple moving average is $14.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The stock has a market capitalization of $3.35 billion, a PE ratio of 37.02, a P/E/G ratio of 2.28 and a beta of 1.16.

Hayward (NYSE:HAYW) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company had revenue of $227.57 million for the quarter, compared to the consensus estimate of $222.88 million. During the same period in the previous year, the business earned $0.08 earnings per share. Hayward’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hayward will post 0.61 earnings per share for the current year.

Hayward Company Profile

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.