Hayward Holdings, Inc. (NYSE:HAYW) Receives Average Rating of “Hold” from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have received an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat 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 target price among brokerages that have issued a report on the stock in the last year is $15.40.

A number of equities research analysts have weighed in on HAYW shares. Robert W. Baird upped their price objective on shares of Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. The Goldman Sachs Group cut their price objective on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. KeyCorp cut their price target on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, Stifel Nicolaus increased their price target on shares of Hayward from $14.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 31st.

Hayward Price Performance

HAYW stock opened at $14.18 on Wednesday. The company has a market cap of $3.05 billion, a P/E ratio of 39.38, a PEG ratio of 2.40 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 2.34. Hayward has a 1 year low of $9.80 and a 1 year high of $16.04. The firm has a 50-day moving average of $13.23 and a 200 day moving average of $13.74.

Hayward (NYSE:HAYW) last announced its quarterly earnings data 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 analysts’ expectations of $282.60 million. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. On average, sell-side analysts forecast that Hayward will post 0.58 EPS for the current year.

Insider Activity

In related news, SVP Susan M. Canning sold 5,028 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total value of $70,392.00. Following the sale, the senior vice president now owns 67,904 shares in the company, valued at $950,656. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Susan M. Canning sold 5,028 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total value of $70,392.00. Following the sale, the senior vice president now owns 67,904 shares in the company, valued at $950,656. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $13.63, for a total transaction of $584,140.91. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,125,750.37. The disclosure for this sale can be found here. Insiders have sold a total of 133,599 shares of company stock worth $1,772,672 over the last 90 days. 3.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Hayward by 8.6% during the 4th quarter. Vanguard Group Inc. now owns 14,703,702 shares of the company’s stock valued at $199,970,000 after purchasing an additional 1,166,717 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Hayward by 4,616.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 853,267 shares of the company’s stock valued at $11,604,000 after purchasing an additional 835,175 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hayward by 24.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,419,859 shares of the company’s stock valued at $46,511,000 after purchasing an additional 662,795 shares during the period. American Century Companies Inc. raised its position in shares of Hayward by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after purchasing an additional 558,227 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Hayward by 17.5% during the 4th quarter. Schroder Investment Management Group now owns 3,670,574 shares of the company’s stock valued at $49,920,000 after purchasing an additional 546,400 shares during the period.

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.