Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report)’s stock price hit a new 52-week low on Thursday. The company traded as low as $12.61 and last traded at $12.6450, with a volume of 460114 shares trading hands. The stock had previously closed at $12.75.
Wall Street Analyst Weigh In
HAYW has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating on shares of Hayward in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Hayward from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 14th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research report on Monday, July 20th. Cantor Fitzgerald reissued a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Finally, Wolfe Research assumed coverage on shares of Hayward in a research report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.50.
Read Our Latest Report on HAYW
Hayward Stock Up 0.8%
Hayward (NYSE:HAYW – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Hayward had a return on equity of 11.61% and a net margin of 13.83%.The company had revenue of $318.38 million for the quarter, compared to the consensus estimate of $303.35 million. During the same quarter in the prior year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. On average, research analysts forecast that Hayward Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.
Insider Activity
In other news, SVP Susan M. Canning sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $12.84, for a total transaction of $44,940.00. Following the completion of the transaction, the senior vice president directly owned 167,911 shares in the company, valued at approximately $2,155,977.24. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Holleran sold 120,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $17.28, for a total value of $2,073,600.00. Following the completion of the sale, the chief executive officer directly owned 701,234 shares of the company’s stock, valued at approximately $12,117,323.52. This trade represents a 14.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 273,500 shares of company stock worth $4,430,040 in the last three months. Insiders own 4.73% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in shares of Hayward during the second quarter worth $4,693,000. Nykredit A S acquired a new position in shares of Hayward in the 2nd quarter valued at $42,000. Corient Private Wealth LP increased its position in shares of Hayward by 73.2% in the 2nd quarter. Corient Private Wealth LP now owns 151,001 shares of the company’s stock valued at $2,614,000 after buying an additional 63,806 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Hayward in the 2nd quarter valued at $313,000. Finally, Susquehanna Fundamental Investments LLC raised its stake in Hayward by 3.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 443,700 shares of the company’s stock worth $7,680,000 after buying an additional 15,038 shares during the period.
Hayward Company Profile
Hayward Holdings, Inc designs, manufactures and sells equipment and systems used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic cleaners, lighting, salt chlorination systems and pool automation and controls.
The company’s products are intended to help pool owners and professionals circulate, filter, heat, sanitize and manage pool water. Hayward sells through distributors, retailers, pool builders and service professionals, serving customers primarily in North America as well as selected international markets.
Hayward’s business traces its history to 1925 and has developed from a pool-equipment manufacturer into a provider of connected and energy-efficient pool solutions.
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