Hayward Holdings, Inc. (NYSE:HAYW) Stock Has Consensus Price Target of $17.12

Shares of Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.12.

A number of equities analysts have recently weighed in on the stock. Wolfe Research initiated coverage on shares of Hayward in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. Weiss Ratings upgraded shares of Hayward from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Zacks Research cut shares of Hayward from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. 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 28th.

Get Our Latest Stock Analysis on Hayward

Hayward Trading Down 0.8%

Shares of HAYW stock opened at $16.24 on Friday. The business’s fifty day moving average price is $13.19 and its 200 day moving average price is $14.57. Hayward has a 1-year low of $11.24 and a 1-year high of $17.42. The firm has a market capitalization of $3.38 billion, a PE ratio of 20.82, a P/E/G ratio of 1.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.33 and a quick ratio of 2.43.

Hayward (NYSE:HAYW – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. Hayward had a return on equity of 11.95% and a net margin of 14.35%. The firm had revenue of $260.13 million during the quarter, compared to analysts’ expectations of $251.80 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Hayward’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Hayward will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $16.55, for a total transaction of $827,500.00. Following the sale, the chief executive officer owned 401,234 shares of the company’s stock, valued at $6,640,422.70. The trade was a 11.08% decrease in their position. The sale was disclosed in a legal 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, SVP Susan M. Canning sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $16.72, for a total value of $41,800.00. Following the completion of the sale, the senior vice president owned 157,411 shares in the company, valued at approximately $2,631,911.92. This represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 164,000 shares of company stock valued at $2,338,690. Insiders own 4.73% of the company’s stock.

Hedge Funds Weigh In On Hayward

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC purchased a new stake in shares of Hayward in the 3rd quarter worth about $294,000. Russell Investments Group Ltd. grew its stake in Hayward by 6.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,570 shares of the company’s stock valued at $313,000 after acquiring an additional 1,658 shares during the last quarter. Fifth Third Bancorp increased its holdings in Hayward by 1.7% during the 3rd quarter. Fifth Third Bancorp now owns 44,511 shares of the company’s stock valued at $545,000 after acquiring an additional 726 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Hayward by 47.3% during the 3rd quarter. Maryland State Retirement & Pension System now owns 55,890 shares of the company’s stock valued at $684,000 after acquiring an additional 17,949 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in Hayward by 3.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 109,186 shares of the company’s stock valued at $1,336,000 after acquiring an additional 3,532 shares in the last quarter.

About Hayward

(Get Free Report)

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic pool cleaners, lighting, sanitization systems, water features and pool-control and automation solutions.

The company sells products under the Hayward brand and serves pool owners, builders, retailers, distributors and service professionals. Its equipment is used in both new pool construction and the replacement and renovation market, with an emphasis on energy efficiency, water quality and connected pool-management technologies.

Hayward traces its roots to 1925 and has developed into a global pool-equipment supplier.

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Analyst Recommendations for Hayward (NYSE:HAYW)

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