Hayward Holdings, Inc. (HAYW) – What Are Brokerages Thinking About This Stock?

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been given a consensus rating of “Hold” by the nine analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.12.

Several analysts have recently weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Weiss Ratings upgraded Hayward from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. Zacks Research cut Hayward from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. The Goldman Sachs Group lifted their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Finally, Wolfe Research initiated coverage on shares of Hayward in a research report on Tuesday, September 15th. They set a “peer perform” rating on the stock.

Hayward Stock Performance

NYSE HAYW traded down $0.26 during midday trading on Friday, hitting $16.43. The company had a trading volume of 2,762,134 shares, compared to its average volume of 4,588,824. The company has a quick ratio of 2.43, a current ratio of 3.33 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.42 and a beta of 1.13. The firm has a fifty day simple moving average of $13.48 and a two-hundred day simple moving average of $14.58. Hayward has a fifty-two week low of $11.24 and a fifty-two week high of $17.42.

Hayward (NYSE:HAYW) last released its earnings results on Wednesday, October 28th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $260.13 million during the quarter, compared to analysts’ expectations of $251.80 million. Hayward had a net margin of 14.35% and a return on equity of 11.95%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. Equities analysts forecast that Hayward will post 0.88 earnings per share for the current fiscal year.

Insider Activity at Hayward

In other news, SVP Susan Canning sold 2,500 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $16.72, for a total value of $41,800.00. Following the completion of the transaction, the senior vice president directly owned 157,411 shares of the company’s stock, valued at approximately $2,631,911.92. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $16.55, for a total value of $827,500.00. Following the transaction, the chief executive officer owned 401,234 shares of the company’s stock, valued at $6,640,422.70. This trade represents a 11.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 164,000 shares of company stock worth $2,338,690. Corporate insiders own 4.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Hayward in the 2nd quarter valued at $422,455,000. Dimensional Fund Advisors LP boosted its holdings in Hayward by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,453,736 shares of the company’s stock valued at $99,726,000 after acquiring an additional 761,145 shares during the last quarter. Jennison Associates LLC boosted its holdings in Hayward by 1.9% in the first quarter. Jennison Associates LLC now owns 4,798,842 shares of the company’s stock valued at $64,209,000 after acquiring an additional 90,733 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hayward by 25.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,975,392 shares of the company’s stock valued at $39,811,000 after purchasing an additional 605,743 shares during the last quarter. Finally, Reinhart Partners LLC. acquired a new stake in shares of Hayward during the 3rd quarter worth approximately $38,607,000.

About Hayward

Hayward Holdings, Inc. designs, manufactures and markets equipment and technology for residential and commercial swimming pools, spas and other aquatic settings. Its products help manage water circulation, filtration, heating, cleaning and treatment. The company’s offerings include pumps, filters, heaters, automatic cleaners, lighting, sanitization systems and controls, as well as connected products that support pool automation. Hayward also serves the broader outdoor-living and wellness markets with equipment for spas and related applications.