Hayward (NYSE:HAYW) Receives “Hold (C+)” Rating from Weiss Ratings

Weiss Ratings restated their hold (c+) rating on shares of Hayward (NYSE:HAYW) in a report issued on Tuesday morning,Weiss Ratings reports.

Separately, Stifel Nicolaus raised their price objective on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.50.

Hayward Stock Up 3.0%

Shares of NYSE:HAYW opened at $15.47 on Tuesday. The business has a 50-day moving average price of $15.59 and a 200 day moving average price of $14.42. The company has a current ratio of 2.84, a quick ratio of 2.06 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.28 and a beta of 1.11. Hayward has a 12-month low of $11.10 and a 12-month high of $16.87.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $299.60 million during the quarter, compared to the consensus estimate of $291.17 million. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. Sell-side analysts expect that Hayward will post 0.6 EPS for the current year.

Insider Activity

In other Hayward news, CFO Eifion Jones sold 20,000 shares of Hayward stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total value of $330,000.00. Following the completion of the transaction, the chief financial officer directly owned 287,231 shares of the company’s stock, valued at $4,739,311.50. The trade was a 6.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $15.27, for a total value of $924,919.17. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at approximately $9,521,455.80. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,142 shares of company stock valued at $2,405,676. 5.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hayward

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Hayward by 3.5% during the first quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company’s stock worth $278,155,000 after buying an additional 677,373 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Hayward by 17.2% during the second quarter. JPMorgan Chase & Co. now owns 9,056,232 shares of the company’s stock worth $124,976,000 after buying an additional 1,330,482 shares in the last quarter. Fiduciary Management Inc. WI grew its position in shares of Hayward by 63.0% during the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company’s stock worth $93,402,000 after buying an additional 2,592,926 shares in the last quarter. American Century Companies Inc. grew its position in shares of Hayward by 11.9% during the second quarter. American Century Companies Inc. now owns 6,439,016 shares of the company’s stock worth $88,858,000 after buying an additional 686,664 shares in the last quarter. Finally, Greenhouse Funds LLLP grew its position in shares of Hayward by 14.5% during the second quarter. Greenhouse Funds LLLP now owns 5,253,834 shares of the company’s stock worth $72,503,000 after buying an additional 664,737 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.