Hayward Holdings, Inc. (NYSE:HAYW) Receives Consensus Rating of “Hold” from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have received a consensus recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.80.

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

Insider Activity at Hayward

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

Institutional Investors Weigh In On Hayward

Hedge funds have recently made changes to their positions in the stock. MSD Capital L P acquired a new position in Hayward during the 3rd quarter worth approximately $418,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Hayward by 18.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock worth $86,476,000 after buying an additional 878,705 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Hayward by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock valued at $78,591,000 after acquiring an additional 32,514 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Hayward by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after acquiring an additional 558,227 shares in the last quarter. Finally, State Street Corp grew its position in Hayward by 8.5% during the 3rd quarter. State Street Corp now owns 4,355,277 shares of the company’s stock worth $66,810,000 after acquiring an additional 341,424 shares during the last quarter.

Hayward Stock Down 1.0 %

Shares of HAYW stock opened at $15.28 on Tuesday. Hayward has a 52-week low of $11.81 and a 52-week high of $16.87. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.28 and a beta of 1.16. The firm’s 50-day moving average is $15.87 and its 200-day moving average is $14.59. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62.

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

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.