Hayward Holdings, Inc. (NYSE:HAYW) Short Interest Down 5.5% in March

Hayward Holdings, Inc. (NYSE:HAYWGet Free Report) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 18,890,000 shares, a decline of 5.5% from the February 29th total of 19,990,000 shares. Approximately 8.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is presently 13.9 days.

Wall Street Analysts Forecast Growth

HAYW has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Stifel Nicolaus lifted their price target on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a report on Tuesday, March 5th. Jefferies Financial Group cut Hayward from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $14.00 in a report on Thursday, January 11th. Finally, TheStreet raised Hayward from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Hayward has a consensus rating of “Hold” and a consensus price target of $14.70.

Read Our Latest Analysis on HAYW

Institutional Trading of Hayward

Several hedge funds have recently made changes to their positions in HAYW. MetLife Investment Management LLC increased its stake in Hayward by 56.8% in the 2nd quarter. MetLife Investment Management LLC now owns 2,186 shares of the company’s stock worth $28,000 after acquiring an additional 792 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Hayward during the 1st quarter valued at approximately $29,000. Ensign Peak Advisors Inc raised its position in Hayward by 918.8% during the 3rd quarter. Ensign Peak Advisors Inc now owns 3,260 shares of the company’s stock valued at $29,000 after purchasing an additional 2,940 shares during the last quarter. Pacer Advisors Inc. bought a new position in Hayward during the 4th quarter valued at approximately $37,000. Finally, Advisory Services Network LLC raised its position in shares of Hayward by 44.7% in the 1st quarter. Advisory Services Network LLC now owns 3,237 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares in the last quarter.

Hayward Stock Performance

HAYW opened at $14.75 on Wednesday. The firm has a market cap of $3.16 billion, a P/E ratio of 40.97 and a beta of 1.22. Hayward has a 52-week low of $9.80 and a 52-week high of $16.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.13 and a current ratio of 3.02. The business’s fifty day moving average is $13.69 and its 200-day moving average is $12.96.

Hayward (NYSE:HAYWGet Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Hayward had a return on equity of 9.55% and a net margin of 8.13%. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts expect that Hayward will post 0.57 EPS for the current fiscal year.

Hayward Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Hayward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hayward and related companies with MarketBeat.com's FREE daily email newsletter.