Hayward Holdings, Inc. (NYSE:HAYW) Given Average Rating of “Hold” by Analysts

Hayward Holdings, Inc. (NYSE:HAYW) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.30.

Several brokerages have commented on HAYW. Stifel Nicolaus boosted their price objective on shares of Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research report on Tuesday, March 5th. The Goldman Sachs Group dropped their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday.

Hayward Stock Performance

Hayward stock traded down $0.01 during midday trading on Tuesday, hitting $12.12. The company’s stock had a trading volume of 206,531 shares, compared to its average volume of 1,263,065. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.37 and a quick ratio of 2.34. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 1.69 and a beta of 1.21. Hayward has a 1-year low of $9.80 and a 1-year high of $16.04. The company has a 50-day moving average price of $13.83 and a two-hundred day moving average price of $13.62.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $212.57 million during the quarter, compared to the consensus estimate of $207.33 million. Hayward had a net margin of 8.25% and a return on equity of 9.46%. As a group, sell-side analysts predict that Hayward will post 0.57 earnings per share for the current year.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction on Monday, May 6th. The shares were sold at an average price of $14.36, for a total value of $615,426.52. Following the completion of the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,507,393.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 128,571 shares of company stock worth $1,785,423 in the last quarter. Company insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in Hayward in the fourth quarter worth $37,000. GAMMA Investing LLC boosted its holdings in shares of Hayward by 178.5% in the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock worth $41,000 after buying an additional 1,714 shares during the last quarter. Moody National Bank Trust Division bought a new position in Hayward during the first quarter valued at about $164,000. Everence Capital Management Inc. purchased a new stake in Hayward during the fourth quarter worth about $173,000. Finally, Quadrature Capital Ltd bought a new stake in Hayward in the fourth quarter worth about $179,000.

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.