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

Hayward Holdings, Inc. (NYSE:HAYW) has been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. Four 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 brokers that have issued a report on the stock in the last year is $15.50.

A number of research firms have weighed in on HAYW. KeyCorp reduced their price objective on 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 price target on Hayward from $15.00 to $15.50 and gave the company a “hold” rating in a research report on Friday, August 30th. 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 research report on Tuesday, July 2nd. Finally, Robert W. Baird lifted their target price on shares of Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,470,797.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 67,904 shares of the company’s stock, valued at $950,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin Holleran sold 42,857 shares of the company’s 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 transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,599 shares of company stock valued at $1,786,815. 3.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hayward

Large investors have recently bought and sold shares of the company. Jump Financial LLC lifted its stake in shares of Hayward by 711.1% in the fourth quarter. Jump Financial LLC now owns 82,300 shares of the company’s stock worth $1,119,000 after buying an additional 72,153 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hayward by 24.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,419,859 shares of the company’s stock worth $46,511,000 after purchasing an additional 662,795 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of Hayward during the 1st quarter worth approximately $3,606,000. Goldman Sachs Group Inc. grew its position in shares of Hayward by 24.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock valued at $34,363,000 after purchasing an additional 491,971 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Hayward by 241.0% in the first quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock valued at $9,312,000 after purchasing an additional 429,851 shares during the last quarter.

Hayward Price Performance

Shares of NYSE:HAYW opened at $13.56 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.68 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 company’s 50 day moving average is $13.82 and its 200 day moving average is $13.91. The company has a market cap of $2.92 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21.

Hayward (NYSE:HAYW) last released 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 firm had revenue of $284.39 million for the quarter, compared to analyst estimates of $282.60 million. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, sell-side analysts forecast that Hayward will post 0.59 EPS 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.