KeyCorp Raises Hayward (NYSE:HAYW) Price Target to $30.00

Hayward (NYSE:HAYW) had its price target upped by KeyCorp from $28.00 to $30.00 in a research report sent to investors on Tuesday morning, Analyst Ratings Network reports. The firm currently has an overweight rating on the stock.

Several other brokerages have also weighed in on HAYW. William Blair initiated coverage on Hayward in a research report on Tuesday, April 6th. They issued an outperform rating on the stock. The Goldman Sachs Group assumed coverage on Hayward in a research report on Tuesday, April 6th. They issued a buy rating and a $27.00 price target for the company. Jefferies Financial Group assumed coverage on Hayward in a research report on Tuesday, April 6th. They issued a buy rating and a $20.00 price target for the company. Robert W. Baird upgraded Hayward to an outperform rating and increased their price target for the company from $20.00 to $28.00 in a research report on Thursday, May 6th. Finally, Bank of America initiated coverage on Hayward in a research report on Tuesday, April 6th. They issued a buy rating and a $21.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $25.57.

HAYW stock opened at $23.67 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. Hayward has a 12-month low of $15.61 and a 12-month high of $26.82. The firm’s 50 day moving average price is $21.16.

In related news, major shareholder Ccmp Capital, Lp sold 7,190,598 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $16.07, for a total value of $115,552,909.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Rick Roetken acquired 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $25,500.00. The disclosure for this purchase can be found here. Insiders have bought a total of 26,000 shares of company stock valued at $442,000 over the last ninety days.

Several hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in Hayward in the 1st quarter valued at approximately $78,000. MYDA Advisors LLC acquired a new stake in Hayward in the 1st quarter valued at approximately $169,000. Levin Capital Strategies L.P. acquired a new stake in Hayward in the 1st quarter valued at approximately $169,000. Schonfeld Strategic Advisors LLC acquired a new stake in Hayward in the 1st quarter valued at approximately $296,000. Finally, CNH Partners LLC acquired a new stake in Hayward in the 1st quarter valued at approximately $430,000. 50.53% of the stock is currently owned by institutional investors and hedge funds.

About Hayward

Hayward Holdings, Inc operates as a designer, manufacturer, and marketer of various pool equipment and associated automation systems. The company offers a range of pool equipment, including pumps, filters, heaters, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

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Analyst Recommendations for Hayward (NYSE:HAYW)

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