Hayward Holdings, Inc. (NYSE:HAYW) Receives $15.50 Average Price Target from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have earned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.50.

Several research firms have issued reports on HAYW. KeyCorp dropped 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. Robert W. Baird increased their target price on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. The Goldman Sachs Group decreased their target price on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus increased their target price on Hayward from $15.00 to $15.50 and gave the stock a “hold” rating in a report on Friday, August 30th.

Hayward Stock Performance

Shares of NYSE HAYW opened at $14.76 on Thursday. The business has a fifty day simple moving average of $14.44 and a 200 day simple moving average of $13.96. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 2.38 and a beta of 1.21. Hayward has a one year low of $9.80 and a one year high of $16.04.

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

Insider Activity

In other Hayward news, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the sale, the senior vice president now owns 67,904 shares in the company, valued at approximately $950,656. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Kevin Holleran sold 42,857 shares of the business’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 transaction of $612,426.53. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the transaction, the senior vice president now directly owns 67,904 shares in the company, valued at $950,656. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,742 shares of company stock worth $1,266,959 in the last 90 days. Corporate insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Hayward during the 2nd quarter worth $30,000. GAMMA Investing LLC lifted its holdings in shares of Hayward by 178.5% in the first quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock valued at $41,000 after purchasing an additional 1,714 shares in the last quarter. nVerses Capital LLC bought a new stake in Hayward during the second quarter worth $64,000. Quest Partners LLC lifted its holdings in Hayward by 217.7% during the second quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock worth $97,000 after acquiring an additional 5,420 shares during the period. Finally, Moody National Bank Trust Division bought a new stake in shares of Hayward in the first quarter valued at $164,000.

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.