Hayward Holdings, Inc. (NYSE:HAYW) Receives $15.50 Average Price Target from Brokerages

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.50.

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

Insider Activity

In related news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,470,797.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAYW. Vanguard Group Inc. increased its stake in Hayward by 8.6% in the 4th quarter. Vanguard Group Inc. now owns 14,703,702 shares of the company’s stock valued at $199,970,000 after buying an additional 1,166,717 shares during the last quarter. American Century Companies Inc. increased its position in shares of Hayward by 13.6% during the second 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 during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Hayward by 24.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock worth $34,363,000 after acquiring an additional 491,971 shares during the period. Dimensional Fund Advisors LP boosted its position in Hayward by 12.4% in the second 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, Jane Street Group LLC grew its stake in Hayward by 241.0% in the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock valued at $9,312,000 after purchasing an additional 429,851 shares during the period.

Hayward Stock Up 2.2 %

Shares of Hayward stock opened at $15.46 on Thursday. The stock’s 50-day moving average is $14.51 and its 200 day moving average is $13.96. Hayward has a one year low of $9.80 and a one year high of $16.04. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 2.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $284.39 million for the quarter, compared to analysts’ expectations of $282.60 million. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. Equities research analysts anticipate that Hayward will post 0.59 EPS for the current year.

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.