Hayward Holdings, Inc. (NYSE:HAYW) Receives Average Recommendation of “Hold” from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.50.

A number of brokerages recently weighed in on HAYW. Robert W. Baird raised their price target on shares of Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. KeyCorp decreased their target price on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Stifel Nicolaus boosted their price target on Hayward from $15.00 to $15.50 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group decreased their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd.

Insider Activity

In related news, SVP Susan M. Canning sold 5,028 shares of Hayward 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 transaction, the senior vice president now owns 67,904 shares in the company, valued at $950,656. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Susan M. Canning sold 5,028 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total value of $70,392.00. Following the completion of the sale, the senior vice president now owns 67,904 shares of the company’s stock, valued at $950,656. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $13.63, for a total transaction of $584,140.91. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,125,750.37. The disclosure for this sale can be found here. Insiders sold 133,599 shares of company stock worth $1,786,815 over the last ninety days. Corporate insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HAYW. Algert Global LLC purchased a new stake in Hayward in the 2nd quarter valued at about $186,000. The Manufacturers Life Insurance Company raised its stake in shares of Hayward by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,775,374 shares of the company’s stock valued at $21,837,000 after acquiring an additional 11,358 shares during the period. Squarepoint Ops LLC raised its stake in shares of Hayward by 85.4% in the 2nd quarter. Squarepoint Ops LLC now owns 293,220 shares of the company’s stock valued at $3,607,000 after acquiring an additional 135,027 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Hayward by 7.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 278,871 shares of the company’s stock worth $3,430,000 after acquiring an additional 20,441 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Hayward by 4.2% during the 2nd quarter. Sei Investments Co. now owns 270,571 shares of the company’s stock worth $3,328,000 after purchasing an additional 10,885 shares during the period.

Hayward Stock Performance

Shares of HAYW stock opened at $15.04 on Friday. The company has a market capitalization of $3.23 billion, a P/E ratio of 41.78, a P/E/G ratio of 2.31 and a beta of 1.21. Hayward has a 12-month low of $9.80 and a 12-month high of $16.04. The business’s 50 day moving average is $13.92 and its two-hundred day moving average is $13.91. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.71.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The company had revenue of $284.39 million during the quarter, compared to analyst estimates of $282.60 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Analysts expect that Hayward will post 0.59 EPS for the current fiscal year.

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.