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

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have received an average rating of “Hold” from the five research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.50.

Several research firms have commented on HAYW. Robert W. Baird boosted their price target on shares of Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their target price on Hayward from $15.00 to $15.50 and gave the stock a “hold” rating in a research note on Friday, August 30th. KeyCorp reduced their price target on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, The Goldman Sachs Group lowered their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd.

Hayward Stock Performance

Shares of Hayward stock opened at $15.04 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 41.78, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The business has a 50-day moving average of $13.92 and a 200 day moving average of $13.91. Hayward has a 12 month low of $9.80 and a 12 month high of $16.04.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The firm had revenue of $284.39 million during the quarter, compared to analysts’ expectations of $282.60 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Hayward will post 0.59 earnings per share for the current year.

Insider Buying and Selling at Hayward

In other news, SVP Susan M. Canning sold 5,028 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the transaction, the senior vice president now directly owns 67,904 shares of the company’s stock, valued at approximately $950,656. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $13.63, for a total value of $584,140.91. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,125,750.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan M. Canning sold 5,028 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the sale, the senior vice president now owns 67,904 shares of the company’s stock, valued at approximately $950,656. The disclosure for this sale can be found here. Insiders have sold a total of 133,599 shares of company stock worth $1,786,815 over the last ninety days. Corporate insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Hayward by 0.4% in the first quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock worth $225,902,000 after acquiring an additional 51,488 shares during the last quarter. Victory Capital Management Inc. raised its stake in Hayward by 4.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after purchasing an additional 222,311 shares during the last quarter. American Century Companies Inc. lifted its holdings in Hayward by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after purchasing an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hayward by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after purchasing an additional 469,124 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Hayward by 17.5% during the fourth quarter. Schroder Investment Management Group now owns 3,670,574 shares of the company’s stock worth $49,920,000 after buying an additional 546,400 shares in the last quarter.

About Hayward

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.