Hayward Holdings, Inc. (NYSE:HAYW) Receives $14.70 Average Target Price from Brokerages

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been assigned a consensus rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.70.

Several research firms have recently weighed in on HAYW. Jefferies Financial Group lowered Hayward from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $14.00 in a research report on Thursday, January 11th. The Goldman Sachs Group increased their price target on Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. TheStreet upgraded shares of Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus increased their target price on shares of Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research note on Tuesday, March 5th.

Insider Activity

In other Hayward news, CEO Kevin Holleran sold 61,429 shares of Hayward stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $15.14, for a total value of $930,035.06. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,915,176.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Hayward

Several institutional investors have recently added to or reduced their stakes in HAYW. Public Sector Pension Investment Board purchased a new stake in shares of Hayward during the third quarter worth $2,202,000. WCM Investment Management LLC lifted its holdings in Hayward by 11.2% during the 4th quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock worth $29,179,000 after purchasing an additional 214,991 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Hayward in the 3rd quarter worth about $1,177,000. Barclays PLC grew its holdings in Hayward by 61.6% during the 3rd quarter. Barclays PLC now owns 128,810 shares of the company’s stock valued at $1,817,000 after buying an additional 49,110 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Hayward by 216.9% during the third quarter. Rhumbline Advisers now owns 335,927 shares of the company’s stock valued at $4,737,000 after buying an additional 229,926 shares during the period.

Hayward Stock Performance

Hayward stock opened at $14.13 on Thursday. The business has a 50 day moving average of $14.16 and a 200-day moving average of $13.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.37 and a quick ratio of 2.13. Hayward has a 1 year low of $9.80 and a 1 year high of $16.04. The company has a market capitalization of $3.03 billion, a P/E ratio of 39.25 and a beta of 1.25.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $278.50 million for the quarter, compared to analysts’ expectations of $271.47 million. Hayward had a net margin of 8.25% and a return on equity of 9.46%. Hayward’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, equities research analysts predict that Hayward will post 0.57 earnings per share 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.