Hayward Holdings, Inc. (NYSE:HAYW) Receives $12.67 Consensus Price Target from Analysts

Posted by Andrew Walz on May 26th, 2023

Hayward Holdings, Inc. (NYSE:HAYW – Get Rating) has received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.67.

A number of research analysts have weighed in on HAYW shares. BMO Capital Markets boosted their target price on shares of Hayward from $10.00 to $12.00 and gave the company a “market perform” rating in a research note on Thursday, March 2nd. Stifel Nicolaus downgraded shares of Hayward from a “buy” rating to a “hold” rating and boosted their target price for the stock from $11.00 to $13.00 in a report on Monday, February 6th. KeyCorp upped their price target on shares of Hayward from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, March 1st. Credit Suisse Group increased their price target on shares of Hayward from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, March 1st. Finally, Morgan Stanley lifted their price target on Hayward from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 1st.

Hayward Price Performance

HAYW opened at $11.34 on Friday. The company has a quick ratio of 2.07, a current ratio of 3.48 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $2.41 billion, a P/E ratio of 22.68 and a beta of 0.95. Hayward has a 12-month low of $7.97 and a 12-month high of $16.49. The stock has a fifty day moving average of $11.48 and a 200-day moving average of $11.28.

Hayward (NYSE:HAYW – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. Hayward had a net margin of 10.21% and a return on equity of 12.20%. The firm had revenue of $210.14 million for the quarter, compared to analysts’ expectations of $204.13 million. During the same period in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was down 48.8% on a year-over-year basis. Equities analysts forecast that Hayward will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Hayward news, Director Arthur L. Soucy sold 7,353 shares of Hayward stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $11.48, for a total value of $84,412.44. Following the sale, the director now owns 17,955 shares of the company’s stock, valued at approximately $206,123.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Arthur L. Soucy sold 7,353 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $11.48, for a total transaction of $84,412.44. Following the completion of the sale, the director now owns 17,955 shares in the company, valued at $206,123.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Ccmp Capital, Lp sold 1,551,920 shares of Hayward stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $11.52, for a total transaction of $17,878,118.40. Following the completion of the sale, the insider now owns 1,744,750 shares of the company’s stock, valued at $20,099,520. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,829,331 shares of company stock valued at $266,585,322. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bridgefront Capital LLC bought a new stake in Hayward during the third quarter valued at $108,000. ExodusPoint Capital Management LP acquired a new stake in shares of Hayward in the 3rd quarter valued at about $91,000. Rock Creek Group LP grew its stake in shares of Hayward by 66.2% in the 3rd quarter. Rock Creek Group LP now owns 124,640 shares of the company’s stock valued at $1,106,000 after buying an additional 49,640 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Hayward in the 4th quarter valued at about $101,000. Finally, Victory Capital Management Inc. grew its stake in shares of Hayward by 47.5% in the 3rd quarter. Victory Capital Management Inc. now owns 25,348 shares of the company’s stock valued at $225,000 after buying an additional 8,166 shares during the period. 74.48% of the stock is currently owned by institutional investors and hedge funds.

Hayward Company Profile

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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 residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features.