Hayward (NYSE:HAYW) Sets New 1-Year Low – What’s Next?

Hayward Holdings, Inc. (NYSE:HAYW)’s share price reached a new 52-week low on Wednesday. The company traded as low as $12.27 and last traded at $12.3450, with a volume of 3805527 shares changing hands. The stock had previously closed at $12.52.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HAYW. The Goldman Sachs Group reiterated a “neutral” rating on shares of Hayward in a report on Wednesday, July 29th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Cantor Fitzgerald reissued a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Wolfe Research began coverage on Hayward in a report on Tuesday, September 15th. They set a “peer perform” rating for the company. Finally, Weiss Ratings downgraded Hayward from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Hayward has a consensus rating of “Hold” and an average price target of $17.50.

Hayward Stock Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33. The stock has a market cap of $2.60 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.13 and a beta of 1.18. The company’s 50 day moving average price is $14.10 and its 200-day moving average price is $14.45.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The company had revenue of $318.38 million for the quarter, compared to analyst estimates of $303.35 million. During the same period last year, the firm earned $0.24 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Equities analysts forecast that Hayward Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Susan M. Canning sold 3,500 shares of Hayward stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $12.84, for a total transaction of $44,940.00. Following the sale, the senior vice president directly owned 167,911 shares in the company, valued at approximately $2,155,977.24. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $13.85, for a total value of $692,500.00. Following the completion of the transaction, the chief executive officer directly owned 701,234 shares in the company, valued at approximately $9,712,090.90. This represents a 6.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 103,500 shares of company stock worth $1,502,940 in the last 90 days. Company insiders own 4.73% of the company’s stock.

Institutional Investors Weigh In On Hayward

A number of hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. increased its position in Hayward by 80.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock worth $32,000 after buying an additional 916 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Hayward by 0.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 112,055 shares of the company’s stock valued at $1,499,000 after buying an additional 938 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Hayward by 33.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,760 shares of the company’s stock valued at $82,000 after buying an additional 1,198 shares during the last quarter. Nykredit A S bought a new position in shares of Hayward during the 2nd quarter worth $42,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Hayward during the 4th quarter worth $39,000.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools and spas. Its products are intended to support water circulation, filtration, heating, cleaning, sanitation and overall pool management.

The company’s product portfolio includes pumps, filters, heaters, heat pumps, salt-chlorination systems, automatic cleaners, lighting, valves, controls and connected pool-management technologies. Hayward sells products under the Hayward brand and through related product lines, serving pool builders, distributors, service professionals and homeowners.

Hayward serves customers in North America and international markets.