Hayward (NYSE:HAYW) Price Target Raised to $18.00

Hayward (NYSE:HAYW) had its price target raised by KeyCorp from $17.00 to $18.00 in a research report sent to investors on Wednesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on the company. Robert W. Baird upped their price target on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group lowered their price objective on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Hayward has a consensus rating of “Hold” and an average price target of $16.80.

Hayward Price Performance

HAYW traded down $0.11 on Wednesday, hitting $16.15. 2,410,417 shares of the stock were exchanged, compared to its average volume of 1,471,848. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.68. Hayward has a 12 month low of $10.54 and a 12 month high of $16.85. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 2.73 and a beta of 1.21. The business has a 50-day moving average of $14.83 and a two-hundred day moving average of $14.05.

Hayward (NYSE:HAYW) last issued its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Sell-side analysts forecast that Hayward will post 0.59 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,470,797.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.25% of the company’s stock.

Institutional Trading of Hayward

A number of hedge funds and other institutional investors have recently modified their holdings of HAYW. Jane Street Group LLC boosted its stake in shares of Hayward by 241.0% in the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock worth $9,312,000 after buying an additional 429,851 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Hayward during the 1st quarter valued at approximately $952,000. Victory Capital Management Inc. lifted its position in Hayward by 4.6% during the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after purchasing an additional 222,311 shares during the last quarter. Vanguard Group Inc. increased its position in Hayward by 0.4% during the first quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock valued at $225,902,000 after acquiring an additional 51,488 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Hayward in the first quarter worth $1,195,000.

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.