Hayward (NYSE:HAYW) Given New $15.00 Price Target at Stifel Nicolaus

Hayward (NYSE:HAYW) had its target price hoisted by Stifel Nicolaus from $14.00 to $15.00 in a report issued on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities analysts have also weighed in on HAYW. The Goldman Sachs Group cut their target price on Hayward from $15.00 to $13.00 and set a neutral rating on the stock in a research note on Tuesday, July 2nd. Robert W. Baird boosted their price target on shares of Hayward from $16.00 to $19.00 and gave the company a neutral rating in a report on Wednesday. Finally, KeyCorp dropped their price objective on Hayward from $17.00 to $16.00 and set an overweight rating on the stock in a research note on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $15.17.

Hayward Stock Up 0.2 %

Shares of NYSE HAYW opened at $14.79 on Wednesday. Hayward has a 12-month low of $9.80 and a 12-month high of $16.04. The firm’s 50-day simple moving average is $13.21 and its 200 day simple moving average is $13.57. The company has a quick ratio of 2.34, a current ratio of 2.59 and a debt-to-equity ratio of 0.71. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 41.08, a price-to-earnings-growth ratio of 2.48 and a beta of 1.21.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $284.39 million during the quarter, compared to analysts’ expectations of $282.60 million. Hayward had a net margin of 9.06% and a return on equity of 9.66%. Hayward’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. On average, research analysts expect that Hayward will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $13.96, for a total value of $598,283.72. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,298,274.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $13.96, for a total value of $598,283.72. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,298,274.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Susan M. Canning sold 5,028 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 67,904 shares of the company’s stock, valued at $950,656. The disclosure for this sale can be found here. Insiders sold a total of 133,599 shares of company stock valued at $1,803,958 in the last quarter. Company insiders own 3.25% of the company’s stock.

Institutional Trading of Hayward

Several hedge funds and other institutional investors have recently bought and sold shares of HAYW. Innealta Capital LLC acquired a new stake in shares of Hayward during the 2nd quarter worth $30,000. Pacer Advisors Inc. bought a new position in Hayward in the fourth quarter valued at approximately $37,000. GAMMA Investing LLC raised its position in Hayward by 178.5% during the first quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock valued at $41,000 after purchasing an additional 1,714 shares in the last quarter. nVerses Capital LLC bought a new stake in Hayward during the second quarter worth $64,000. Finally, Moody National Bank Trust Division acquired a new stake in shares of Hayward in the 1st quarter valued at $164,000.

Hayward Company Profile

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.