Hayward Holdings, Inc. (NYSE:HAYW) Receives $14.20 Average Price Target from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have received an average rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.40.

Several research firms have recently weighed in on HAYW. The Goldman Sachs Group reduced their target price on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. KeyCorp reduced their target price on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Stifel Nicolaus lifted their target price on shares of Hayward from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Robert W. Baird lifted their target price on shares of Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $13.96, for a total transaction of $598,283.72. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,298,274.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $13.96, for a total value of $598,283.72. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,298,274.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was 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 directly owns 67,904 shares of the company’s stock, valued at approximately $950,656. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,599 shares of company stock valued at $1,803,958. Corporate insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

A number of hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in Hayward during the 2nd quarter valued at $30,000. Pacer Advisors Inc. bought a new stake in Hayward during the 4th quarter valued at $37,000. GAMMA Investing LLC raised its holdings in Hayward by 178.5% during the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock valued at $41,000 after buying an additional 1,714 shares during the last quarter. nVerses Capital LLC bought a new stake in Hayward during the 2nd quarter valued at $64,000. Finally, Moody National Bank Trust Division bought a new stake in Hayward during the 1st quarter valued at $164,000.

Hayward Stock Performance

Shares of HAYW stock opened at $14.10 on Friday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 2.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.34 and a current ratio of 2.59. Hayward has a 52 week low of $9.80 and a 52 week high of $16.04. The firm’s 50-day simple moving average is $13.20 and its two-hundred day simple moving average is $13.59.

Hayward (NYSE:HAYW) last posted its earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $284.39 million during the quarter, compared to the consensus estimate of $282.60 million. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. As a group, equities analysts forecast that Hayward will post 0.57 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.