Hayward (NYSE:HAYW) Research Coverage Started at Wolfe Research

Wolfe Research assumed coverage on shares of Hayward (NYSE:HAYW) in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage issued a peer perform rating on the stock.

HAYW has been the topic of several other research reports. Cantor Fitzgerald restated a “neutral” rating on shares of Hayward in a report on Monday, July 6th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Hayward in a report on Wednesday, July 29th. Weiss Ratings raised Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Finally, KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hayward currently has an average rating of “Hold” and a consensus price target of $17.50.

Hayward Stock Performance

NYSE:HAYW opened at $12.91 on Tuesday. The company has a market capitalization of $2.74 billion, a PE ratio of 17.45, a P/E/G ratio of 1.19 and a beta of 1.10. The company has a 50 day simple moving average of $14.54 and a two-hundred day simple moving average of $14.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33. Hayward has a fifty-two week low of $12.63 and a fifty-two week high of $17.73.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The firm had revenue of $318.38 million for the quarter, compared to the consensus estimate of $303.35 million. During the same quarter in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Research analysts anticipate that Hayward will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $13.85, for a total transaction of $692,500.00. Following the transaction, the chief executive officer owned 701,234 shares in the company, valued at $9,712,090.90. The trade was a 6.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $44,940.00. Following the transaction, the senior vice president directly owned 167,911 shares in the company, valued at approximately $2,155,977.24. This represents a 2.04% 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. Insiders sold a total of 273,500 shares of company stock valued at $4,430,040 in the last quarter. 4.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hayward

Several institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its stake in shares of Hayward by 80.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock valued at $32,000 after buying an additional 916 shares during the period. Nykredit A S acquired a new position in Hayward during the 2nd quarter worth approximately $42,000. IFP Advisors Inc raised its stake in Hayward by 103.9% during the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company’s stock worth $38,000 after buying an additional 1,265 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Hayward in the fourth quarter worth approximately $39,000. Finally, Allworth Financial LP bought a new position in Hayward in the second quarter worth approximately $47,000.

About Hayward

Hayward Holdings, Inc designs, manufactures and sells equipment and systems used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic cleaners, lighting, salt chlorination systems and pool automation and controls.

The company’s products are intended to help pool owners and professionals circulate, filter, heat, sanitize and manage pool water. Hayward sells through distributors, retailers, pool builders and service professionals, serving customers primarily in North America as well as selected international markets.

Hayward’s business traces its history to 1925 and has developed from a pool-equipment manufacturer into a provider of connected and energy-efficient pool solutions.