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

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been given an average rating of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.80.

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

Insider Activity

In related news, CFO Eifion Jones sold 75,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the sale, the chief financial officer now owns 258,903 shares in the company, valued at $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of Hayward stock in a transaction that occurred on Monday, November 11th. The shares were 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.25% of the company’s stock.

Institutional Trading of Hayward

Several hedge funds have recently made changes to their positions in HAYW. MSD Capital L P acquired a new stake in Hayward in the third quarter worth $418,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hayward by 18.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock valued at $86,476,000 after purchasing an additional 878,705 shares during the last quarter. Victory Capital Management Inc. grew its position in Hayward by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock worth $78,591,000 after purchasing an additional 32,514 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Hayward by 13.6% in the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after purchasing an additional 558,227 shares during the period. Finally, State Street Corp raised its holdings in shares of Hayward by 8.5% during the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after buying an additional 341,424 shares during the last quarter.

Hayward Price Performance

HAYW opened at $15.59 on Tuesday. The stock has a market capitalization of $3.36 billion, a PE ratio of 37.12, a P/E/G ratio of 2.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The company’s 50 day simple moving average is $15.87 and its 200 day simple moving average is $14.56. Hayward has a 1 year low of $11.81 and a 1 year high of $16.87.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business had revenue of $227.57 million for the quarter, compared to analyst estimates of $222.88 million. During the same period in the previous year, the company posted $0.08 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts expect that Hayward will post 0.61 EPS for the current 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.