Analysts Set Hayward Holdings, Inc. (NYSE:HAYW) Price Target at $16.80

Hayward Holdings, Inc. (NYSE:HAYW) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.80.

A number of analysts recently issued reports on HAYW shares. Stifel Nicolaus upped their target price on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their price objective on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. KeyCorp raised their target price on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th.

Hayward Stock Up 0.3 %

Shares of NYSE:HAYW opened at $16.33 on Monday. 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 firm has a 50 day simple moving average of $14.88 and a 200-day simple moving average of $14.11. The company has a market capitalization of $3.52 billion, a PE ratio of 38.88, a P/E/G ratio of 2.27 and a beta of 1.19. Hayward has a twelve month low of $10.54 and a twelve month high of $16.87.

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

Insider Buying and Selling at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total value of $612,426.53. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,470,797.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Hayward by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock worth $225,902,000 after buying an additional 51,488 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Hayward by 0.6% during the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock worth $78,591,000 after acquiring an additional 32,514 shares during the period. American Century Companies Inc. grew its holdings in Hayward by 13.6% during the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after acquiring an additional 558,227 shares during the period. Dimensional Fund Advisors LP raised its position in Hayward by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after acquiring an additional 469,124 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in Hayward by 2.2% in the third quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock valued at $31,152,000 after acquiring an additional 43,222 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.