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

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been given an average recommendation of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.80.

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

Insider Transactions at Hayward

In related news, CFO Eifion Jones sold 75,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the transaction, the chief financial officer now directly owns 258,903 shares of the company’s stock, valued at $4,170,927.33. This represents a 22.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.96, for a total value of $1,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $8,343,872.04. The trade was a 16.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,857 shares of company stock worth $3,416,677. 3.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hayward

Institutional investors and hedge funds have recently bought and sold shares of the business. Equitable Trust Co. increased its stake in Hayward by 2.3% in the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock worth $519,000 after purchasing an additional 749 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hayward by 2.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock valued at $352,000 after buying an additional 784 shares in the last quarter. CIBC Asset Management Inc boosted its position in Hayward by 5.4% during the third quarter. CIBC Asset Management Inc now owns 15,412 shares of the company’s stock worth $236,000 after purchasing an additional 784 shares during the period. Arizona State Retirement System grew its stake in Hayward by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock valued at $517,000 after buying an additional 887 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Hayward by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company’s stock worth $785,000 after purchasing an additional 1,400 shares during the period.

Hayward Trading Down 0.1 %

Shares of Hayward stock opened at $16.16 on Friday. 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 company has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $14.35. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 2.26 and a beta of 1.19. Hayward has a 12-month low of $11.55 and a 12-month high of $16.87.

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