Hayward Holdings, Inc. (NYSE:HAYW) Receives $14.20 Average Price Target from Brokerages

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.40.

A number of analysts have weighed in on HAYW shares. KeyCorp dropped their target price 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 dropped 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. Stifel Nicolaus increased their price objective on shares of Hayward from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Robert W. Baird increased their price objective on shares of Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $12.13, for a total value of $519,855.41. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $6,341,551.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $12.13, for a total value of $519,855.41. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $6,341,551.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan M. Canning sold 5,028 shares of Hayward stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the transaction, the senior vice president now directly owns 67,904 shares in the company, valued at approximately $950,656. The disclosure for this sale can be found here. Insiders sold 133,599 shares of company stock worth $1,803,958 in the last 90 days. Corporate insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in Hayward during the 2nd quarter valued at $30,000. Pacer Advisors Inc. acquired a new stake in Hayward during the 4th quarter valued at $37,000. GAMMA Investing LLC raised its stake in Hayward by 178.5% during the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock valued at $41,000 after purchasing an additional 1,714 shares during the period. nVerses Capital LLC acquired a new stake in Hayward during the 2nd quarter valued at $64,000. Finally, Moody National Bank Trust Division acquired a new position in shares of Hayward in the first quarter worth $164,000.

Hayward Stock Down 1.6 %

Shares of NYSE:HAYW opened at $14.10 on Friday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.21. Hayward has a 1-year low of $9.80 and a 1-year high of $16.04. The company’s fifty day moving average is $13.20 and its two-hundred day moving average is $13.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.34 and a current ratio of 2.59.

Hayward (NYSE:HAYW) last issued its earnings results 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 for 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 was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. Equities analysts anticipate that Hayward will post 0.57 EPS for the current year.

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.