Hayward (NYSE:HAYW) Earns “Sector Weight” Rating from KeyCorp

Hayward (NYSE:HAYW)‘s stock had its “sector weight” rating reiterated by stock analysts at KeyCorp in a report released on Monday, Marketbeat reports.

Several other equities analysts have also recently commented on HAYW. The Goldman Sachs Group raised their price target on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their target price on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus increased their price target on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hayward currently has a consensus rating of “Hold” and a consensus price target of $16.80.

Hayward Trading Down 1.1 %

Shares of NYSE HAYW opened at $14.76 on Monday. The stock has a fifty day simple moving average of $15.87 and a 200-day simple moving average of $14.68. Hayward has a twelve month low of $11.81 and a twelve month high of $16.87. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.18 billion, a PE ratio of 35.14, a PEG ratio of 2.28 and a beta of 1.17.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company had revenue of $227.57 million for the quarter, compared to analyst estimates of $222.88 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Hayward will post 0.61 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $15.96, for a total value of $1,596,000.00. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eifion Jones sold 75,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.

Institutional Trading of Hayward

Large investors have recently made changes to their positions in the company. MSD Capital L P purchased a new stake in Hayward in the third quarter valued at approximately $418,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hayward by 18.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock valued at $86,476,000 after purchasing an additional 878,705 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Hayward by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock worth $78,591,000 after purchasing an additional 32,514 shares during the period. American Century Companies Inc. grew its position in Hayward by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after purchasing an additional 558,227 shares during the last quarter. Finally, State Street Corp increased its stake in Hayward by 8.5% in the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after purchasing an additional 341,424 shares during the period.

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.