Hayward (NYSE:HAYW) Price Target Raised to $16.00

Hayward (NYSE:HAYW) had its price target hoisted by equities research analysts at Stifel Nicolaus from $15.50 to $16.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 2.07% from the company’s previous close.

Several other brokerages also recently commented on HAYW. The Goldman Sachs Group dropped their price target on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. KeyCorp dropped their target price on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Robert W. Baird increased their price target on shares of Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.60.

Hayward Stock Performance

Shares of HAYW opened at $15.68 on Monday. The company has a market capitalization of $3.37 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 2.50 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 1.68. Hayward has a one year low of $9.80 and a one year high of $16.40. The company’s fifty day moving average price is $14.73 and its 200 day moving average price is $14.00.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The business had revenue of $284.39 million for the quarter, compared to analyst estimates of $282.60 million. During the same period in the previous year, the company posted $0.19 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts expect that Hayward will post 0.59 earnings per share for the current year.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $13.63, for a total value of $584,140.91. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,125,750.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hayward

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted 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 worth $199,970,000 after buying an additional 1,166,717 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Hayward by 24.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,691 shares of the company’s stock valued at $227,000 after acquiring an additional 3,253 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Hayward by 79.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 43,069 shares of the company’s stock valued at $659,000 after purchasing an additional 19,095 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Hayward by 26.5% in the 1st quarter. Diversified Trust Co now owns 52,181 shares of the company’s stock worth $799,000 after purchasing an additional 10,922 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Hayward during the 1st quarter worth about $181,000.

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.