Hayward (NYSE:HAYW) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Hayward (NYSE:HAYW) had its price objective boosted by Robert W. Baird from $19.00 to $20.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also commented on the company. KeyCorp decreased their price objective on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Stifel Nicolaus increased their price objective on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group decreased their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.80.

Hayward Stock Down 0.7 %

NYSE HAYW opened at $16.15 on Wednesday. The firm has a market cap of $3.48 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19. Hayward has a one year low of $10.54 and a one year high of $16.85. The stock’s 50 day simple moving average is $14.83 and its 200 day simple moving average is $14.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.68.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $227.57 million for the quarter, compared to analyst estimates of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. Hayward’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. As a group, sell-side analysts forecast that Hayward will post 0.59 earnings per share for the current fiscal year.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,470,797.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Equitable Trust Co. boosted its position in shares of Hayward by 2.3% in the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock worth $519,000 after purchasing an additional 749 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hayward by 2.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock worth $352,000 after buying an additional 784 shares during the period. Arizona State Retirement System raised its stake in Hayward by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock worth $517,000 after buying an additional 887 shares during the period. Bessemer Group Inc. raised its stake in Hayward by 1.4% during the 1st quarter. Bessemer Group Inc. now owns 81,400 shares of the company’s stock worth $1,246,000 after buying an additional 1,100 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Hayward by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company’s stock worth $785,000 after buying an additional 1,400 shares during the period.

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.