Hayward Holdings, Inc. (HAYW) – What Are Investment Firms Thinking About This Stock?

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $17.12.

Several brokerages have issued reports on HAYW. The Goldman Sachs Group raised their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Weiss Ratings raised shares of Hayward from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Wolfe Research assumed coverage on shares of Hayward in a research report on Tuesday, September 15th. They issued a “peer perform” rating for the company. Zacks Research cut shares of Hayward from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th.

Insider Transactions at Hayward

In other news, SVP Susan Canning sold 2,500 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $16.72, for a total value of $41,800.00. Following the completion of the sale, the senior vice president directly owned 157,411 shares of the company’s stock, valued at approximately $2,631,911.92. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $16.55, for a total transaction of $827,500.00. Following the sale, the chief executive officer owned 401,234 shares of the company’s stock, valued at $6,640,422.70. This trade represents a 11.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 164,000 shares of company stock valued at $2,338,690 over the last ninety days. Corporate insiders own 4.73% of the company’s stock.

Institutional Trading of Hayward

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new position in Hayward during the second quarter worth about $8,358,000. Squarepoint Ops LLC acquired a new stake in Hayward in the second quarter valued at about $4,693,000. Jupiter Topco LLC acquired a new stake in Hayward in the second quarter valued at about $1,761,000. BlackRock Inc. acquired a new stake in Hayward in the second quarter valued at about $422,455,000. Finally, Reinhart Partners LLC. purchased a new stake in Hayward in the 3rd quarter valued at approximately $38,607,000.

Hayward Price Performance

HAYW stock opened at $16.24 on Friday. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.38 and a beta of 1.13. Hayward has a 52-week low of $11.24 and a 52-week high of $17.42. The business has a fifty day moving average of $13.19 and a two-hundred day moving average of $14.57. The company has a quick ratio of 2.43, a current ratio of 3.33 and a debt-to-equity ratio of 0.60.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $260.13 million during the quarter, compared to analyst estimates of $251.80 million. Hayward had a return on equity of 11.95% and a net margin of 14.35%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. As a group, research analysts anticipate that Hayward will post 0.88 earnings per share for the current year.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic pool cleaners, lighting, sanitization systems, water features and pool-control and automation solutions.

The company sells products under the Hayward brand and serves pool owners, builders, retailers, distributors and service professionals. Its equipment is used in both new pool construction and the replacement and renovation market, with an emphasis on energy efficiency, water quality and connected pool-management technologies.

Hayward traces its roots to 1925 and has developed into a global pool-equipment supplier.