Robert W. Baird Issues Positive Forecast for Hayward (NYSE:HAYW) Stock Price

Hayward (NYSE:HAYW) had its target price lifted by Robert W. Baird from $19.00 to $20.00 in a report issued on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also recently issued reports on HAYW. KeyCorp dropped their target price on Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, July 19th. The Goldman Sachs Group dropped their target price on Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus upped their price target on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.80.

Hayward Stock Up 5.9 %

Shares of HAYW opened at $16.59 on Wednesday. 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 stock has a 50 day moving average price of $14.77 and a 200 day moving average price of $14.02. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 2.50 and a beta of 1.21. Hayward has a one year low of $9.80 and a one year high of $16.85.

Hayward (NYSE:HAYW) last issued its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $227.57 million during the quarter, compared to analysts’ expectations of $222.88 million. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS. Equities research analysts forecast that Hayward will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. This 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 corporate insiders.

Hedge Funds Weigh In On Hayward

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hayward by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock worth $225,902,000 after acquiring an additional 51,488 shares in the last quarter. Victory Capital Management Inc. raised its position in Hayward by 4.6% in the 2nd 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 in the last quarter. American Century Companies Inc. raised its position in Hayward by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after purchasing an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Hayward by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock valued at $52,489,000 after purchasing an additional 469,124 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Hayward by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,775,374 shares of the company’s stock valued at $21,837,000 after purchasing an additional 11,358 shares in 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.