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

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

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped 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 raised their target price on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird boosted their price target on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th.

Insider Activity at Hayward

In related news, CFO Eifion Jones sold 75,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was 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 directly owns 258,903 shares of the company’s stock, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of Hayward 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 transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $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. 3.25% of the stock is currently owned by insiders.

Institutional Trading of Hayward

Hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Hayward in the second quarter valued at $30,000. Blue Trust Inc. increased its stake in shares of Hayward by 2,710.1% in the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock valued at $34,000 after purchasing an additional 2,141 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Hayward in the 3rd quarter valued at about $43,000. True Wealth Design LLC acquired a new position in Hayward in the 3rd quarter worth about $44,000. Finally, nVerses Capital LLC purchased a new position in Hayward during the second quarter worth approximately $64,000.

Hayward Price Performance

Shares of HAYW stock opened at $15.55 on Tuesday. The stock’s 50-day moving average is $15.85 and its 200 day moving average is $14.51. Hayward has a 1-year low of $11.81 and a 1-year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The company has a market cap of $3.35 billion, a P/E ratio of 37.02, a PEG ratio of 2.28 and a beta of 1.16.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $227.57 million for the quarter, compared to analysts’ expectations of $222.88 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. Research analysts predict that Hayward will post 0.61 earnings per share for the current fiscal 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.