Hayward (NYSE:HAYW) Sets New 12-Month Low – What’s Next?

Hayward Holdings, Inc. (NYSE:HAYW)’s share price hit a new 52-week low during trading on Tuesday. The company traded as low as $11.24 and last traded at $11.53, with a volume of 2,781,084 shares traded. The stock had previously closed at $11.35.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HAYW shares. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Weiss Ratings downgraded shares of Hayward from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. The Goldman Sachs Group lowered their price target on shares of Hayward from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, October 9th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Finally, Wolfe Research started coverage on shares of Hayward in a research report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.62.

Hayward Stock Down 0.4%

The stock has a market cap of $2.44 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The firm has a fifty day moving average of $13.47 and a 200 day moving average of $14.32. The company has a quick ratio of 2.49, a current ratio of 3.33 and a debt-to-equity ratio of 0.59.

Hayward (NYSE:HAYW) last posted 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. The company had revenue of $318.38 million for the quarter, compared to analysts’ expectations of $303.35 million. Hayward had a return on equity of 11.61% and a net margin of 13.83%. Hayward’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. On average, equities research analysts anticipate that Hayward Holdings, Inc. will post 0.86 EPS for the current fiscal year.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $13.85, for a total transaction of $692,500.00. Following the sale, the chief executive officer owned 701,234 shares of the company’s stock, valued at approximately $9,712,090.90. This trade represents a 6.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan Canning sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $12.84, for a total value of $44,940.00. Following the sale, the senior vice president directly owned 167,911 shares in the company, valued at $2,155,977.24. This trade represents a 2.04% 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. In the last quarter, insiders sold 153,500 shares of company stock worth $2,122,940. Company insiders own 4.73% of the company’s stock.

Hedge Funds Weigh In On Hayward

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Hayward during the 2nd quarter worth $422,455,000. Dimensional Fund Advisors LP lifted its position in Hayward by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,453,736 shares of the company’s stock valued at $99,726,000 after acquiring an additional 761,145 shares during the last quarter. Jennison Associates LLC lifted its position in Hayward by 1.9% in the first quarter. Jennison Associates LLC now owns 4,798,842 shares of the company’s stock valued at $64,209,000 after acquiring an additional 90,733 shares during the last quarter. Reinhart Partners LLC. acquired a new position in Hayward in the third quarter valued at $38,607,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Hayward by 25.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,975,392 shares of the company’s stock valued at $39,811,000 after acquiring an additional 605,743 shares in the last quarter.

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.