Hayward (NYSE:HAYW) Reaches New 52-Week Low – Here’s Why

Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $11.99 and last traded at $11.8770, with a volume of 84156 shares traded. The stock had previously closed at $12.31.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HAYW shares. Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a research note on Monday, July 6th. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Wolfe Research began coverage on shares of Hayward in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. The Goldman Sachs Group reissued a “neutral” rating on shares of Hayward in a research report on Wednesday, July 29th. Finally, Weiss Ratings lowered Hayward from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.50.

Get Our Latest Analysis on HAYW

Hayward Price Performance

The stock has a market capitalization of $2.51 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18. The business’s 50 day simple moving average is $13.96 and its two-hundred day simple moving average is $14.41. The company has a quick ratio of 2.49, a current ratio of 3.33 and a debt-to-equity ratio of 0.59.

Hayward (NYSE:HAYW – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $318.38 million for the quarter, compared to analyst estimates of $303.35 million. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. As a group, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Activity at Hayward

In related news, SVP Susan Canning sold 3,500 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $12.84, for a total value of $44,940.00. Following the completion of the sale, the senior vice president directly owned 167,911 shares of the company’s stock, valued at approximately $2,155,977.24. This represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $13.85, for a total value of $692,500.00. Following the transaction, the chief executive officer owned 701,234 shares in the company, valued at approximately $9,712,090.90. This trade represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 103,500 shares of company stock worth $1,502,940. 4.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Hayward

Institutional investors have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its position in Hayward by 0.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 112,055 shares of the company’s stock worth $1,499,000 after buying an additional 938 shares during the last quarter. GAMMA Investing LLC grew its position in Hayward by 33.6% during the second quarter. GAMMA Investing LLC now owns 4,760 shares of the company’s stock valued at $82,000 after acquiring an additional 1,198 shares during the last quarter. Nykredit A S purchased a new position in shares of Hayward during the second quarter worth approximately $42,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Hayward during the fourth quarter worth approximately $39,000. Finally, Allworth Financial LP bought a new stake in shares of Hayward in the 2nd quarter worth approximately $47,000.

About Hayward

(Get Free Report)

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools and spas. Its products are intended to support water circulation, filtration, heating, cleaning, sanitation and overall pool management.

The company’s product portfolio includes pumps, filters, heaters, heat pumps, salt-chlorination systems, automatic cleaners, lighting, valves, controls and connected pool-management technologies. Hayward sells products under the Hayward brand and through related product lines, serving pool builders, distributors, service professionals and homeowners.

Hayward serves customers in North America and international markets.

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