Hayward Holdings, Inc. (NYSE:HAYW) Receives $16.80 Consensus PT from Analysts

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

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

Hayward Price Performance

NYSE:HAYW opened at $15.44 on Tuesday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.28 and a beta of 1.16. Hayward has a one year low of $11.81 and a one year high of $16.87. The firm’s fifty day moving average is $15.87 and its two-hundred day moving average is $14.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $227.57 million for the quarter, compared to analyst estimates of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Research analysts expect that Hayward will post 0.61 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the sale, the chief financial officer now owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of Hayward by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock worth $10,253,000 after purchasing an additional 44,978 shares during the period. Tidal Investments LLC acquired a new position in shares of Hayward in the third quarter valued at approximately $216,000. Sanctuary Advisors LLC purchased a new stake in Hayward during the 3rd quarter worth approximately $308,000. Virtu Financial LLC purchased a new position in Hayward in the third quarter valued at $306,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Hayward during the third quarter worth approximately $260,000.

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.