KeyCorp Trims Hayward (NYSE:HAYW) Target Price to $16.00

Hayward (NYSE:HAYW) had its target price trimmed by KeyCorp from $17.00 to $16.00 in a research report report published on Friday, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Hayward from $14.50 to $14.00 and set a hold rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their target price on shares of Hayward from $15.00 to $13.00 and set a neutral rating on the stock in a research note on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $14.20.

Hayward Price Performance

Shares of NYSE:HAYW opened at $12.04 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.34 and a current ratio of 3.37. The firm has a fifty day moving average price of $13.44 and a 200 day moving average price of $13.55. Hayward has a fifty-two week low of $9.80 and a fifty-two week high of $16.04. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 1.64 and a beta of 1.21.

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

Insider Activity

In related news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.36, for a total value of $615,426.52. Following the transaction, 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 Securities & Exchange Commission, which is available at this link. In related news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.36, for a total value of $615,426.52. Following the transaction, 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 Securities & Exchange Commission, which is available at this link. Also, SVP Susan M. Canning sold 5,028 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the transaction, the senior vice president now directly owns 67,904 shares in the company, valued at approximately $950,656. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,599 shares of company stock valued at $1,803,958. 3.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HAYW. Pacer Advisors Inc. purchased a new position in Hayward in the 4th quarter worth about $37,000. GAMMA Investing LLC increased its stake in 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 period. Moody National Bank Trust Division bought a new position in Hayward during the 1st quarter worth about $164,000. Everence Capital Management Inc. bought a new position in Hayward during the 4th quarter worth about $173,000. Finally, Quadrature Capital Ltd bought a new position in Hayward during the 4th quarter worth about $179,000.

About Hayward

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.