Brokerages Set Hayward Holdings, Inc. (NYSE:HAYW) Target Price at $16.80

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been assigned an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.80.

A number of brokerages recently commented on HAYW. Stifel Nicolaus lifted their price target on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, October 28th. KeyCorp lifted their price target on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their target price on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their target price on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th.

Insider Activity

In other news, CEO Kevin Holleran sold 100,000 shares of Hayward stock in a transaction on Monday, November 11th. The stock was 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 directly owns 522,799 shares in the company, valued at approximately $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction on Friday, November 8th. The shares were sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the transaction, the chief financial officer now owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hayward

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAYW. Innealta Capital LLC purchased a new position in Hayward during the second quarter worth about $30,000. Blue Trust Inc. grew its position in Hayward by 2,710.1% during the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after buying an additional 2,141 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Hayward during the third quarter worth about $43,000. True Wealth Design LLC purchased a new position in Hayward during the third quarter worth about $44,000. Finally, nVerses Capital LLC purchased a new position in Hayward during the second quarter worth about $64,000.

Hayward Stock Performance

Shares of Hayward stock opened at $15.98 on Friday. The business’s fifty day simple moving average is $15.54 and its 200 day simple moving average is $14.36. The firm has a market capitalization of $3.44 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16. Hayward has a 12 month low of $11.81 and a 12 month high of $16.87. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates 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%. Hayward’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. As a group, analysts anticipate that Hayward will post 0.61 EPS for the current year.

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.