Hayward’s (HAYW) “Sector Weight” Rating Reiterated at KeyCorp

KeyCorp reiterated their sector weight rating on shares of Hayward (NYSE:HAYW) in a research report sent to investors on Monday morning, MarketBeat reports. KeyCorp also issued estimates for Hayward’s Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $0.68 EPS.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group upped their price target on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus upped their target price on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Robert W. Baird raised their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.80.

Hayward Trading Down 1.7 %

Shares of Hayward stock opened at $14.51 on Monday. The stock has a market capitalization of $3.13 billion, a P/E ratio of 34.55, a P/E/G ratio of 2.28 and a beta of 1.17. Hayward has a 52-week low of $11.81 and a 52-week high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The stock’s 50-day simple moving average is $15.82 and its 200 day simple moving average is $14.68.

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

Insider Transactions at Hayward

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HAYW. Blue Trust Inc. increased its stake in Hayward by 2,710.1% in the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after purchasing an additional 2,141 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Hayward during the third quarter valued at about $43,000. True Wealth Design LLC purchased a new stake in shares of Hayward during the third quarter worth about $44,000. Quest Partners LLC grew its stake in shares of Hayward by 217.7% in the second quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock worth $97,000 after purchasing an additional 5,420 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in Hayward during the 3rd quarter valued at about $202,000.

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.