Hayward Holdings, Inc. (NYSE:HAYW) Receives Average Rating of “Hold” from Analysts

Hayward Holdings, Inc. (NYSE:HAYW – Get Rating) has earned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $23.57.

A number of equities research analysts have issued reports on HAYW shares. Credit Suisse Group began coverage on shares of Hayward in a report on Tuesday, April 5th. They set an “outperform” rating and a $21.00 target price on the stock. KeyCorp dropped their price objective on shares of Hayward from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, March 3rd. Robert W. Baird dropped their price objective on shares of Hayward from $26.00 to $22.00 in a research report on Thursday, March 3rd. Jefferies Financial Group downgraded shares of Hayward from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research report on Monday, December 20th. Finally, Morgan Stanley dropped their price objective on shares of Hayward from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 3rd.

In related news, major shareholder Ccmp Capital, Lp sold 2,694,696 shares of the stock in a transaction on Monday, January 24th. The shares were sold at an average price of $19.80, for a total value of $53,354,980.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

A number of institutional investors have recently modified their holdings of HAYW. Morgan Stanley purchased a new position in Hayward during the 1st quarter worth $577,000. Royal Bank of Canada grew its position in Hayward by 654.2% during the 2nd quarter. Royal Bank of Canada now owns 1,071 shares of the company’s stock worth $27,000 after purchasing an additional 929 shares during the last quarter. Wells Fargo & Company MN grew its position in Hayward by 7.3% during the 2nd quarter. Wells Fargo & Company MN now owns 75,939 shares of the company’s stock worth $1,976,000 after purchasing an additional 5,149 shares during the last quarter. Moody Aldrich Partners LLC lifted its stake in shares of Hayward by 41.2% in the 3rd quarter. Moody Aldrich Partners LLC now owns 348,501 shares of the company’s stock worth $7,751,000 after acquiring an additional 101,746 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Hayward by 33.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,435 shares of the company’s stock worth $254,000 after acquiring an additional 2,875 shares during the period. 54.22% of the stock is currently owned by institutional investors.

Hayward stock opened at $16.84 on Friday. The firm has a market cap of $3.86 billion and a PE ratio of -105.24. Hayward has a 52-week low of $15.78 and a 52-week high of $28.65. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $17.31 and its two-hundred day moving average is $21.27.

Hayward (NYSE:HAYW – Get Rating) last released its earnings results on Wednesday, March 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. The company had revenue of $352.40 million for the quarter, compared to analyst estimates of $354.54 million. Hayward had a net margin of 14.53% and a return on equity of 20.57%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, equities research analysts anticipate that Hayward will post 1.24 earnings per share for the current fiscal year.

Hayward Company Profile (Get Rating)

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 a range of pool equipment, including pumps, filters, robotic, suction and pressure cleaners, heaters, water features and landscape lighting, salt chlorine generators, safety equipment, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

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