Brokerages Set Hayward Holdings, Inc. (NYSE:HAYW) Price Target at $14.70

Hayward Holdings, Inc. (NYSE:HAYW) has received an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.70.

A number of analysts have recently issued reports on HAYW shares. TheStreet raised shares of Hayward from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. The Goldman Sachs Group lifted their target price on shares of Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Jefferies Financial Group lowered shares of Hayward from a “buy” rating to a “hold” rating and decreased their target price for the company from $15.00 to $14.00 in a research note on Thursday, January 11th. Finally, Stifel Nicolaus raised their price target on Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research note on Tuesday, March 5th.

Hayward Price Performance

Shares of HAYW opened at $14.13 on Thursday. The company has a market capitalization of $3.03 billion, a P/E ratio of 39.25 and a beta of 1.25. Hayward has a twelve month low of $9.80 and a twelve month high of $16.04. The company has a quick ratio of 2.13, a current ratio of 3.37 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $14.16 and a 200 day moving average of $13.02.

Hayward (NYSE:HAYW) last posted its earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The business had revenue of $278.50 million during the quarter, compared to analyst estimates of $271.47 million. During the same quarter last year, the company earned $0.10 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Hayward will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total transaction of $571,712.38. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $6,974,138.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Hayward

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board purchased a new stake in shares of Hayward in the third quarter worth $2,202,000. WCM Investment Management LLC boosted its holdings in Hayward by 11.2% in the 4th quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock worth $29,179,000 after buying an additional 214,991 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Hayward in the 3rd quarter worth $1,177,000. Barclays PLC raised its holdings in Hayward by 61.6% during the third quarter. Barclays PLC now owns 128,810 shares of the company’s stock valued at $1,817,000 after acquiring an additional 49,110 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Hayward by 216.9% in the third quarter. Rhumbline Advisers now owns 335,927 shares of the company’s stock valued at $4,737,000 after acquiring an additional 229,926 shares in the last quarter.

Hayward Company Profile

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.