Hayward (NYSE:HAYW) Stock Price Expected to Rise, KeyCorp Analyst Says

Hayward (NYSE:HAYW) had its price target hoisted by equities researchers at KeyCorp from $17.00 to $18.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 7.98% from the stock’s current price.

A number of other brokerages have also weighed in on HAYW. The Goldman Sachs Group decreased their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Robert W. Baird boosted their price target on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Stifel Nicolaus increased their price objective on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Hayward currently has a consensus rating of “Hold” and a consensus target price of $16.20.

Hayward Price Performance

HAYW traded up $1.00 during midday trading on Wednesday, hitting $16.67. 2,598,127 shares of the company traded hands, compared to its average volume of 1,439,546. The business has a 50 day simple moving average of $14.73 and a two-hundred day simple moving average of $14.00. Hayward has a 52-week low of $9.80 and a 52-week high of $16.75. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 2.50 and a beta of 1.21. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.71.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The company had revenue of $227.57 million for the quarter, compared to analysts’ expectations of $222.88 million. During the same period in the previous year, the firm posted $0.08 EPS. Hayward’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Hayward will post 0.59 earnings per share for the current fiscal year.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total transaction of $612,426.53. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,470,797.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hayward

A number of institutional investors and hedge funds have recently made changes to their positions in HAYW. Vanguard Group Inc. lifted its stake in Hayward by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock worth $225,902,000 after acquiring an additional 51,488 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Hayward by 4.6% during the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock worth $62,616,000 after purchasing an additional 222,311 shares in the last quarter. American Century Companies Inc. lifted 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 worth $57,465,000 after purchasing an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hayward by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock valued at $52,489,000 after purchasing an additional 469,124 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Hayward by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,775,374 shares of the company’s stock valued at $21,837,000 after purchasing an additional 11,358 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.