Shares of Hayward Holdings, Inc. (NYSE:HAYW) have earned an average rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $25.57.
HAYW has been the subject of several research reports. William Blair initiated coverage on Hayward in a research note on Tuesday, April 6th. They issued an “outperform” rating for the company. Bank of America started coverage on Hayward in a research note on Tuesday, April 6th. They issued a “buy” rating and a $21.00 target price for the company. Morgan Stanley increased their price objective on Hayward from $19.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, May 6th. Robert W. Baird raised Hayward to an “outperform” rating and increased their price objective for the company from $20.00 to $28.00 in a research note on Thursday, May 6th. Finally, Wolfe Research started coverage on Hayward in a research note on Tuesday, April 6th. They set an “outperform” rating for the company.
A number of hedge funds have recently made changes to their positions in HAYW. Cubist Systematic Strategies LLC purchased a new stake in Hayward in the first quarter worth $78,000. MYDA Advisors LLC purchased a new stake in Hayward in the first quarter worth $169,000. Levin Capital Strategies L.P. purchased a new stake in Hayward in the first quarter worth $169,000. Schonfeld Strategic Advisors LLC purchased a new stake in Hayward in the first quarter worth $296,000. Finally, CNH Partners LLC purchased a new stake in Hayward in the first quarter worth $430,000. 50.64% of the stock is owned by institutional investors.
Hayward (NYSE:HAYW) last issued its earnings results on Tuesday, May 18th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.55). The business had revenue of $334.40 million during the quarter, compared to analyst estimates of $260.65 million. On average, equities analysts anticipate that Hayward will post 1.69 earnings per share for the current year.
Hayward Holdings, Inc operates as a designer, manufacturer, and marketer of various pool equipment and associated automation systems. The company offers a range of pool equipment, including pumps, filters, heaters, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.
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