Hayward’s (HAYW) Sector Weight Rating Reiterated at KeyCorp

KeyCorp restated their sector weight rating on shares of Hayward (NYSE:HAYW) in a report released on Monday, MarketBeat Ratings reports. KeyCorp also issued estimates for Hayward’s Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $0.68 EPS.

A number of other equities research analysts have also recently commented on HAYW. The Goldman Sachs Group increased their target price on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price target on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.80.

Hayward Stock Down 1.7 %

Shares of Hayward stock opened at $14.51 on Monday. Hayward has a 1 year low of $11.81 and a 1 year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The company has a 50-day moving average of $15.82 and a 200 day moving average of $14.68. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 2.28 and a beta of 1.17.

Hayward (NYSE:HAYW) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $227.57 million during the quarter, compared to analyst estimates of $222.88 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. As a group, sell-side analysts anticipate that Hayward will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Hayward

In related news, CFO Eifion Jones sold 75,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the completion of the transaction, the chief financial officer now owns 258,903 shares in the company, valued at $4,170,927.33. The trade was a 22.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

Several hedge funds have recently modified their holdings of the business. WCM Investment Management LLC grew its position in Hayward by 2.2% during the 3rd quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock worth $31,152,000 after purchasing an additional 43,222 shares during the period. Victory Capital Management Inc. increased 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 worth $62,616,000 after purchasing an additional 222,311 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hayward by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,232,773 shares of the company’s stock valued at $34,260,000 after buying an additional 165,369 shares during the period. State Street Corp raised its position in Hayward by 8.5% in the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after purchasing an additional 341,424 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Hayward by 7.2% in the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock valued at $10,253,000 after buying an additional 44,978 shares during the last quarter.

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.