Hayward (HAYW) Set to Announce Quarterly Earnings on Thursday

Hayward (NYSE:HAYWGet Rating) will issue its quarterly earnings data before the market opens on Thursday, July 28th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Hayward (NYSE:HAYWGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $410.46 million during the quarter, compared to the consensus estimate of $379.01 million. Hayward had a return on equity of 21.48% and a net margin of 16.30%. The company’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.38) EPS. On average, analysts expect Hayward to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hayward Stock Performance

Shares of Hayward stock opened at $14.96 on Thursday. The company has a market cap of $3.39 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 9.09 and a beta of 0.93. The company has a quick ratio of 1.56, a current ratio of 2.37 and a debt-to-equity ratio of 0.71. Hayward has a 52 week low of $13.19 and a 52 week high of $28.65. The business has a 50 day moving average price of $14.74 and a 200-day moving average price of $16.89.

Insider Transactions at Hayward

In related news, major shareholder Alberta Investment Management sold 8,480,807 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $13.88, for a total value of $117,713,601.16. Following the transaction, the insider now owns 26,910,584 shares in the company, valued at $373,518,905.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Hayward news, major shareholder Alberta Investment Management sold 8,480,807 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $13.88, for a total transaction of $117,713,601.16. Following the sale, the insider now directly owns 26,910,584 shares of the company’s stock, valued at $373,518,905.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Eifion Jones sold 140,501 shares of Hayward stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $13.89, for a total transaction of $1,951,558.89. Following the completion of the transaction, the chief financial officer now owns 175,282 shares of the company’s stock, valued at approximately $2,434,666.98. The disclosure for this sale can be found here. Insiders sold a total of 9,940,864 shares of company stock worth $138,087,597 in the last quarter. Insiders own 3.10% of the company’s stock.

Institutional Trading of Hayward

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eaton Vance Management grew its holdings in Hayward by 8,262.2% during the 1st quarter. Eaton Vance Management now owns 1,172,962 shares of the company’s stock valued at $19,494,000 after buying an additional 1,158,935 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Hayward by 79.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 971,503 shares of the company’s stock worth $16,146,000 after acquiring an additional 428,650 shares during the period. BlackRock Inc. lifted its stake in Hayward by 7.6% in the 1st quarter. BlackRock Inc. now owns 1,842,041 shares of the company’s stock worth $30,617,000 after purchasing an additional 129,777 shares in the last quarter. Bank of America Corp DE grew its position in shares of Hayward by 34.4% during the 1st quarter. Bank of America Corp DE now owns 390,405 shares of the company’s stock valued at $6,489,000 after purchasing an additional 99,937 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Hayward by 59.2% in the first quarter. 1832 Asset Management L.P. now owns 264,481 shares of the company’s stock worth $4,335,000 after purchasing an additional 98,399 shares during the period. 90.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HAYW has been the subject of a number of analyst reports. Credit Suisse Group assumed coverage on Hayward in a research report on Tuesday, April 5th. They issued an “outperform” rating and a $21.00 price target for the company. William Blair reissued an “outperform” rating on shares of Hayward in a research report on Thursday, April 28th. Robert W. Baird downgraded shares of Hayward from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Thursday, July 14th. The Goldman Sachs Group dropped their target price on shares of Hayward from $27.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 13th. Finally, KeyCorp reduced their target price on Hayward from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

About Hayward

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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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Earnings History for Hayward (NYSE:HAYW)

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