Hayward Holdings, Inc. (NYSE:HAYW) Given Consensus Recommendation of “Hold” by Brokerages

Hayward Holdings, Inc. (NYSE:HAYW) has earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.80.

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. KeyCorp upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus increased their price target on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday, October 28th.

Hayward Stock Down 0.9 %

Shares of Hayward stock opened at $16.18 on Friday. The company has a fifty day moving average price of $15.47 and a 200 day moving average price of $14.34. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. Hayward has a twelve month low of $11.54 and a twelve month high of $16.87. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 2.30 and a beta of 1.19.

Hayward (NYSE:HAYW) last posted its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $227.57 million during 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%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. Equities research analysts forecast that Hayward will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hayward news, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.96, for a total value of $1,596,000.00. Following the sale, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 217,857 shares of company stock worth $3,416,677. Corporate insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

Several large investors have recently made changes to their positions in HAYW. MSD Capital L P bought a new stake in shares of Hayward during the third quarter valued at about $418,901,000. Vanguard Group Inc. lifted its stake in shares of Hayward by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock worth $225,902,000 after acquiring an additional 51,488 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hayward by 18.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock valued at $86,476,000 after acquiring an additional 878,705 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Hayward by 0.6% in the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock valued at $78,591,000 after acquiring an additional 32,514 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Hayward by 13.6% during the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after acquiring an additional 558,227 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.