Hayward Holdings, Inc. (NYSE:HAYW) Receives $16.80 Average Price Target from Brokerages

Hayward Holdings, Inc. (NYSE:HAYW) has received an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.80.

HAYW has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their target price on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Robert W. Baird boosted their target price on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, KeyCorp boosted their target price on Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th.

Hayward Trading Down 0.1 %

Shares of HAYW stock opened at $15.98 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $14.36. Hayward has a 12-month low of $11.81 and a 12-month high of $16.87. The firm has a market cap of $3.44 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $227.57 million during the quarter, compared to analyst estimates of $222.88 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Hayward will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling at Hayward

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the transaction, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. This represents a 22.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.96, for a total value of $1,596,000.00. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC purchased a new position in shares of Hayward during the 3rd quarter worth approximately $216,000. Sanctuary Advisors LLC purchased a new stake in shares of Hayward in the 3rd quarter worth approximately $308,000. Virtu Financial LLC purchased a new stake in shares of Hayward in the 3rd quarter worth approximately $306,000. Neo Ivy Capital Management purchased a new stake in shares of Hayward in the 3rd quarter worth approximately $260,000. Finally, Geode Capital Management LLC grew its stake in shares of Hayward by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,232,773 shares of the company’s stock worth $34,260,000 after buying an additional 165,369 shares during the last quarter.

Hayward Company Profile

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.