Hayward (NYSE:HAYW) PT Raised to $30.00 at KeyCorp

Hayward (NYSE:HAYW) had its price objective hoisted by KeyCorp from $28.00 to $30.00 in a research report sent to investors on Tuesday, Price Targets.com reports. The firm currently has an overweight rating on the stock.

Several other research firms have also issued reports on HAYW. The Goldman Sachs Group started coverage on Hayward in a research note on Tuesday, April 6th. They issued a buy rating and a $27.00 price objective on the stock. William Blair started coverage on Hayward in a research note on Tuesday, April 6th. They issued an outperform rating on the stock. Robert W. Baird upgraded Hayward to an outperform rating and increased their target price for the stock from $20.00 to $28.00 in a research note on Thursday, May 6th. Wolfe Research started coverage on Hayward in a research note on Tuesday, April 6th. They set an outperform rating on the stock. Finally, Bank of America started coverage on Hayward in a research note on Tuesday, April 6th. They set a buy rating and a $21.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $25.57.

NYSE:HAYW opened at $23.67 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 2.34. The company has a 50 day simple moving average of $21.16. Hayward has a 12-month low of $15.61 and a 12-month high of $26.82.

In related news, major shareholder Ccmp Capital, Lp sold 7,190,598 shares of the stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $16.07, for a total transaction of $115,552,909.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Rick Roetken purchased 1,500 shares of Hayward stock in a transaction that occurred on Tuesday, March 16th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $25,500.00. The disclosure for this purchase can be found here. Insiders have purchased 26,000 shares of company stock worth $442,000 in the last three months.

A number of large investors have recently modified their holdings of HAYW. CCMP Capital GP LLC acquired a new stake in shares of Hayward in the 1st quarter valued at $1,226,469,000. JPMorgan Chase & Co. acquired a new stake in shares of Hayward in the 1st quarter valued at $83,059,000. Alliancebernstein L.P. acquired a new stake in shares of Hayward in the 1st quarter valued at $59,687,000. Neuberger Berman Group LLC acquired a new stake in shares of Hayward in the 1st quarter valued at $55,976,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Hayward in the 1st quarter valued at $54,624,000. 50.53% of the stock is currently owned by institutional investors and hedge funds.

About Hayward

Hayward Holdings, Inc operates as a designer, manufacturer, and marketer of various pool equipment and associated automation systems. The company offers a range of pool equipment, including pumps, filters, heaters, 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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Analyst Recommendations for Hayward (NYSE:HAYW)

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