Hayward Holdings, Inc. (NYSE:HAYW) Receives $14.70 Average Target Price from Brokerages

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have earned a consensus rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.70.

Several research firms recently weighed in on HAYW. TheStreet upgraded shares of Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. The Goldman Sachs Group raised their price target on Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Stifel Nicolaus upped their price objective on Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group cut Hayward from a “buy” rating to a “hold” rating and cut their target price for the company from $15.00 to $14.00 in a research note on Thursday, January 11th.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the business’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 transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,507,393.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 147,143 shares of company stock worth $2,117,174 in the last three months. 3.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hayward

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Hayward by 178.5% during the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock worth $41,000 after buying an additional 1,714 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Hayward during the fourth quarter worth approximately $37,000. Numerai GP LLC acquired a new stake in Hayward in the third quarter worth approximately $146,000. Moody National Bank Trust Division bought a new position in Hayward during the 1st quarter valued at $164,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Hayward during the 3rd quarter valued at $161,000.

Hayward Price Performance

Shares of HAYW stock opened at $14.51 on Thursday. The firm has a market cap of $3.12 billion, a P/E ratio of 40.31, a P/E/G ratio of 1.92 and a beta of 1.25. The firm has a fifty day moving average of $14.22 and a two-hundred day moving average of $13.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.37 and a quick ratio of 2.34. Hayward has a 1-year low of $9.80 and a 1-year high of $16.04.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The firm had revenue of $278.50 million during the quarter, compared to analyst estimates of $271.47 million. During the same period in the previous year, the company earned $0.10 earnings per share. Hayward’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Hayward will post 0.57 earnings per share for the current fiscal year.

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.