Hayward (NYSE:HAYW) Earns Sector Weight Rating from KeyCorp

Hayward (NYSE:HAYW)‘s stock had its “sector weight” rating reissued by equities research analysts at KeyCorp in a report released on Monday,Benzinga reports.

Other equities research analysts have also issued research reports about the stock. 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 research note on Wednesday, October 30th. Stifel Nicolaus raised their price objective on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Robert W. Baird boosted their target price on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.80.

Hayward Price Performance

HAYW stock opened at $15.20 on Monday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 2.28 and a beta of 1.16. The firm’s 50-day moving average price is $15.88 and its two-hundred day moving average price is $14.66. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. Hayward has a 12-month low of $11.81 and a 12-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 (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company had revenue of $227.57 million for the quarter, compared to analysts’ expectations of $222.88 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. Hayward’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts predict that Hayward will post 0.61 earnings per share for the current year.

Insider Activity at Hayward

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

Hedge Funds Weigh In On Hayward

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Hayward by 7.2% in the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock valued at $10,253,000 after acquiring an additional 44,978 shares during the period. Tidal Investments LLC purchased a new stake in shares of Hayward during the 3rd quarter valued at about $216,000. Sanctuary Advisors LLC bought a new position in shares of Hayward in the 3rd quarter worth approximately $308,000. Virtu Financial LLC purchased a new position in shares of Hayward in the third quarter worth approximately $306,000. Finally, Neo Ivy Capital Management bought a new stake in Hayward during the third quarter valued at approximately $260,000.

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.