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

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.17.

Several brokerages have issued reports on HAYW. The Goldman Sachs Group cut their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Stifel Nicolaus upped their target price on Hayward from $14.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday. KeyCorp lowered their target price on Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Robert W. Baird upped their target price on Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday.

Hayward Trading Up 0.2 %

Shares of NYSE HAYW opened at $14.79 on Friday. The stock’s 50 day moving average price is $13.21 and its two-hundred day moving average price is $13.57. Hayward has a 52-week low of $9.80 and a 52-week high of $16.04. The stock has a market capitalization of $3.18 billion, a P/E ratio of 41.08, a PEG ratio of 2.26 and a beta of 1.21. The company has a quick ratio of 2.34, a current ratio of 3.37 and a debt-to-equity ratio of 0.82.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The firm had revenue of $284.39 million for the quarter, compared to analysts’ expectations of $282.60 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Hayward’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts anticipate that Hayward will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $13.96, for a total transaction of $598,283.72. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,298,274.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Susan M. Canning sold 5,028 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the sale, the senior vice president now owns 67,904 shares in the company, valued at approximately $950,656. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $13.96, for a total value of $598,283.72. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,298,274.04. The disclosure for this sale can be found here. Insiders sold 133,599 shares of company stock valued at $1,803,958 in the last three months. 3.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hayward

A number of institutional investors and hedge funds have recently modified their holdings of HAYW. Vanguard Group Inc. lifted its position in shares of Hayward by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,536,985 shares of the company’s stock valued at $190,871,000 after acquiring an additional 1,871,680 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Hayward by 4,616.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 853,267 shares of the company’s stock valued at $11,604,000 after purchasing an additional 835,175 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hayward by 24.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,419,859 shares of the company’s stock valued at $46,511,000 after purchasing an additional 662,795 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Hayward by 17.5% in the fourth quarter. Schroder Investment Management Group now owns 3,670,574 shares of the company’s stock valued at $49,920,000 after purchasing an additional 546,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Hayward by 24.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock valued at $34,363,000 after purchasing an additional 491,971 shares in the last quarter.

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.