Hayward Holdings, Inc. (NYSE:HAYW) Given Consensus Recommendation of “Hold” by Brokerages

Hayward Holdings, Inc. (NYSE:HAYW) has earned an average rating of “Hold” from the five research firms 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 12-month price target among brokerages that have issued a report on the stock in the last year is $15.50.

A number of research analysts have issued reports on HAYW shares. Stifel Nicolaus upped their price target on shares of Hayward from $15.00 to $15.50 and gave the company a “hold” rating in a research note on Friday, August 30th. KeyCorp cut their target price on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Robert W. Baird lifted their price target on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group dropped their price target on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,470,797.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total transaction of $612,426.53. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the transaction, the senior vice president now owns 67,904 shares of the company’s stock, valued at $950,656. The disclosure for this sale can be found here. Insiders sold 133,599 shares of company stock worth $1,786,815 over the last three months. Company insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

A number of institutional investors have recently modified their holdings of HAYW. Algert Global LLC purchased a new position in Hayward during the second quarter worth approximately $186,000. The Manufacturers Life Insurance Company grew its stake in Hayward by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,775,374 shares of the company’s stock valued at $21,837,000 after acquiring an additional 11,358 shares during the period. Squarepoint Ops LLC increased its holdings in Hayward by 85.4% in the 2nd quarter. Squarepoint Ops LLC now owns 293,220 shares of the company’s stock worth $3,607,000 after acquiring an additional 135,027 shares in the last quarter. Public Sector Pension Investment Board raised its position in Hayward by 7.9% during the second quarter. Public Sector Pension Investment Board now owns 278,871 shares of the company’s stock worth $3,430,000 after acquiring an additional 20,441 shares during the period. Finally, Sei Investments Co. lifted its holdings in Hayward by 4.2% during the second quarter. Sei Investments Co. now owns 270,571 shares of the company’s stock valued at $3,328,000 after purchasing an additional 10,885 shares in the last quarter.

Hayward Stock Down 1.9 %

Hayward stock opened at $14.75 on Friday. The business has a fifty day moving average price of $13.99 and a 200-day moving average price of $13.92. Hayward has a 1-year low of $9.80 and a 1-year high of $16.04. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 2.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $284.39 million for the quarter, compared to analyst estimates of $282.60 million. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Equities research analysts forecast that Hayward will post 0.59 EPS for the current fiscal year.

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.