Hayward (NYSE:HAYW) Price Target Increased to $15.00 by Analysts at Stifel Nicolaus

Hayward (NYSE:HAYW) had its target price increased by Stifel Nicolaus from $14.00 to $15.00 in a research note released on Wednesday, Benzinga reports. They currently have a hold rating on the stock.

HAYW has been the topic of several other reports. Robert W. Baird lifted their price objective on Hayward from $16.00 to $19.00 and gave the stock a neutral rating in a report on Wednesday. The Goldman Sachs Group lowered their price objective on Hayward from $15.00 to $13.00 and set a neutral rating on the stock in a report on Tuesday, July 2nd. Finally, KeyCorp lowered their price objective on Hayward from $17.00 to $16.00 and set an overweight rating on the stock in a report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Hayward currently has a consensus rating of Hold and an average price target of $15.40.

Hayward Price Performance

Shares of Hayward stock opened at $14.10 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 2.59 and a debt-to-equity ratio of 0.71. Hayward has a twelve month low of $9.80 and a twelve month high of $16.04. The business has a 50-day moving average price of $13.20 and a 200 day moving average price of $13.60. The firm has a market cap of $3.03 billion, a PE ratio of 39.17, a P/E/G ratio of 2.40 and a beta of 1.21.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The firm had revenue of $284.39 million during the quarter, compared to analyst estimates of $282.60 million. During the same quarter in the previous year, the business earned $0.19 EPS. Hayward’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts predict that Hayward will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $12.13, for a total transaction of $519,855.41. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $6,341,551.87. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Susan M. Canning sold 5,028 shares of the company’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 value of $70,392.00. Following the transaction, the senior vice president now directly owns 67,904 shares in the company, valued at $950,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $12.13, for a total value of $519,855.41. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $6,341,551.87. The disclosure for this sale can be found here. Insiders have sold a total of 133,599 shares of company stock worth $1,803,958 in the last ninety days. Insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HAYW. SG Americas Securities LLC lifted its holdings in Hayward by 5.6% in the fourth quarter. SG Americas Securities LLC now owns 47,464 shares of the company’s stock valued at $646,000 after acquiring an additional 2,510 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Hayward in the fourth quarter valued at approximately $37,000. New York State Teachers Retirement System raised its position in Hayward by 40.4% in the fourth quarter. New York State Teachers Retirement System now owns 44,356 shares of the company’s stock valued at $603,000 after purchasing an additional 12,767 shares during the period. WCM Investment Management LLC raised its position in Hayward by 11.2% in the fourth quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock valued at $29,179,000 after purchasing an additional 214,991 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in Hayward in the fourth quarter valued at approximately $858,000.

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.