KeyCorp Comments on Hayward’s Q4 Earnings (NYSE:HAYW)

Hayward Holdings, Inc. (NYSE:HAYW) – Investment analysts at KeyCorp issued their Q4 2024 earnings per share (EPS) estimates for Hayward in a research note issued to investors on Sunday, January 5th. KeyCorp analyst J. Hammond forecasts that the company will post earnings per share of $0.22 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Hayward’s current full-year earnings is $0.61 per share. KeyCorp also issued estimates for Hayward’s FY2025 earnings at $0.68 EPS.

Other analysts have also issued reports about the company. Robert W. Baird raised 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. Stifel Nicolaus boosted their target price on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group upped their target price on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.80.

Hayward Stock Down 1.7 %

NYSE HAYW opened at $14.51 on Wednesday. The stock’s 50 day simple moving average is $15.82 and its 200 day simple moving average is $14.68. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward has a one year low of $11.81 and a one year high of $16.87. The firm has a market cap of $3.13 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 2.28 and a beta of 1.17.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The firm had revenue of $227.57 million for the quarter, compared to analysts’ expectations of $222.88 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.

Insider Buying and Selling

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was 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 directly owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. The trade was 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 accessible through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $8,343,872.04. This represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HAYW. Bank of New York Mellon Corp lifted its position in Hayward by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 860,293 shares of the company’s stock valued at $10,582,000 after acquiring an additional 11,013 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Hayward by 7.9% during the second quarter. Natixis Advisors LLC now owns 20,078 shares of the company’s stock worth $247,000 after buying an additional 1,462 shares in the last quarter. Arizona State Retirement System raised its position in Hayward by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock valued at $517,000 after buying an additional 887 shares during the last quarter. Quest Partners LLC raised its position in Hayward by 217.7% in the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after buying an additional 5,420 shares during the last quarter. Finally, Choreo LLC bought a new stake in Hayward in the 2nd quarter valued at approximately $343,000.

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.