Hayward (NYSE:HAYW) Price Target Cut to $14.00 by Analysts at Stifel Nicolaus

Hayward (NYSE:HAYW) had its price target cut by Stifel Nicolaus from $14.50 to $14.00 in a report issued on Thursday, Benzinga reports. They currently have a hold rating on the stock.

Separately, The Goldman Sachs Group cut their price objective on Hayward from $15.00 to $13.00 and set a neutral rating for the company in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $14.20.

Hayward Trading Down 2.0 %

Shares of Hayward stock opened at $12.04 on Thursday. The company has a quick ratio of 2.34, a current ratio of 3.37 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. The business has a fifty day simple moving average of $13.44 and a 200-day simple moving average of $13.55. Hayward has a fifty-two week low of $9.80 and a fifty-two week high of $16.04.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $212.57 million during the quarter, compared to analyst estimates of $207.33 million. Hayward had a return on equity of 9.46% and a net margin of 8.25%. On average, equities analysts forecast that Hayward will post 0.57 EPS for the current fiscal year.

Insider Activity

In other news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $14.36, for a total transaction of $615,426.52. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,507,393.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $14.36, for a total transaction of $615,426.52. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,507,393.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan M. Canning sold 5,028 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total value of $70,392.00. Following the transaction, the senior vice president now directly owns 67,904 shares in the company, 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 over the last three months. Insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. raised its position in Hayward by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 48,720 shares of the company’s stock valued at $599,000 after buying an additional 5,651 shares during the period. Raymond James & Associates raised its position in Hayward by 2.8% during the second quarter. Raymond James & Associates now owns 99,981 shares of the company’s stock valued at $1,230,000 after buying an additional 2,746 shares during the period. Diversified Trust Co increased its position in Hayward by 4.4% in the 2nd quarter. Diversified Trust Co now owns 54,470 shares of the company’s stock worth $670,000 after purchasing an additional 2,289 shares during the last quarter. SG Americas Securities LLC increased its position in Hayward by 32.8% in the 2nd quarter. SG Americas Securities LLC now owns 52,972 shares of the company’s stock worth $652,000 after purchasing an additional 13,091 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Hayward by 241.0% in the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock worth $9,312,000 after purchasing an additional 429,851 shares during 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.