Hayward Holdings, Inc. (NYSE:HAYW) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been given an average recommendation of “Hold” by the five analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.50.

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Hayward from $15.00 to $15.50 and gave the stock a “hold” rating in a research note on Friday, August 30th. KeyCorp reduced their price objective on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. The Goldman Sachs Group lowered their target price on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Finally, Robert W. Baird boosted their price target on shares of Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.

Hayward Stock Up 1.6 %

HAYW stock opened at $15.00 on Thursday. Hayward has a one year low of $9.80 and a one year high of $16.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.68 and a current ratio of 2.59. The firm’s fifty day moving average is $14.46 and its 200 day moving average is $13.95. The firm has a market cap of $3.22 billion, a PE ratio of 41.65, a P/E/G ratio of 2.38 and a beta of 1.21.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $284.39 million during the quarter, compared to analysts’ expectations of $282.60 million. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. On average, research analysts forecast that Hayward will post 0.59 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total value of $612,426.53. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,470,797.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.25% of the stock is owned by insiders.

Institutional Trading of Hayward

Hedge funds and other institutional investors have recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Hayward during the second quarter worth about $30,000. GAMMA Investing LLC lifted its holdings in shares of Hayward by 178.5% during the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock worth $41,000 after acquiring an additional 1,714 shares during the period. nVerses Capital LLC acquired a new stake in shares of Hayward in the second quarter worth approximately $64,000. Quest Partners LLC grew its holdings in Hayward by 217.7% in the second quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after purchasing an additional 5,420 shares during the period. Finally, Moody National Bank Trust Division acquired a new position in Hayward during the first quarter worth approximately $164,000.

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.