Hayward (NYSE:HAYW) Price Target Cut to $18.00 by Analysts at Bank of America

Hayward (NYSE:HAYW) had its price target reduced by Bank of America from $19.00 to $18.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on HAYW. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target (down from $16.00) on shares of Hayward in a report on Tuesday, March 31st. Weiss Ratings cut shares of Hayward from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $19.50 price target (up from $19.00) on shares of Hayward in a report on Thursday, February 26th. Finally, Zacks Research upgraded shares of Hayward from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Hayward Stock Up 0.3%

Shares of NYSE HAYW opened at $15.32 on Monday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.53 and a beta of 1.18. The firm’s fifty day moving average is $14.84 and its 200 day moving average is $15.58. Hayward has a 52 week low of $11.39 and a 52 week high of $17.73. The company has a quick ratio of 2.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.59.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $349.38 million for the quarter, compared to analysts’ expectations of $332.84 million. Hayward had a net margin of 13.51% and a return on equity of 11.27%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. Hayward has set its FY 2026 guidance at 0.820-0.860 EPS. On average, equities research analysts expect that Hayward will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Eifion Jones sold 15,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $14.57, for a total transaction of $218,550.00. Following the sale, the chief financial officer owned 316,100 shares in the company, valued at approximately $4,605,577. The trade was a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin Holleran sold 52,389 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $13.42, for a total transaction of $703,060.38. Following the sale, the chief executive officer owned 701,234 shares in the company, valued at approximately $9,410,560.28. This trade represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 172,167 shares of company stock worth $2,586,533. Company insiders own 4.73% of the company’s stock.

Institutional Trading of Hayward

A number of hedge funds have recently modified their holdings of HAYW. Covestor Ltd boosted its holdings in shares of Hayward by 10,452.9% during the 3rd quarter. Covestor Ltd now owns 1,794 shares of the company’s stock valued at $27,000 after buying an additional 1,777 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Hayward by 80.2% during the 4th quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock valued at $32,000 after buying an additional 916 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Hayward by 82.4% during the 4th quarter. GAMMA Investing LLC now owns 2,183 shares of the company’s stock valued at $34,000 after buying an additional 986 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Hayward by 103.9% during the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company’s stock valued at $38,000 after buying an additional 1,265 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Hayward during the 4th quarter valued at $39,000.

Hayward Company Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.