Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $15.20, but opened at $14.70. Hayward shares last traded at $14.99, with a volume of 171,519 shares trading hands.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on HAYW shares. Robert W. Baird increased 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. Stifel Nicolaus raised their price target on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group raised their price target 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. Finally, KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hayward has a consensus rating of “Hold” and a consensus target price of $16.80.
View Our Latest Research Report on HAYW
Hayward Stock Performance
Hayward (NYSE:HAYW – Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm 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 business posted $0.08 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Hayward Holdings, Inc. will post 0.61 EPS for the current fiscal year.
Insider Activity at Hayward
In other Hayward news, CFO Eifion Jones sold 75,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the business’s 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 directly owns 522,799 shares in the company, valued at approximately $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Hayward
A number of institutional investors have recently modified their holdings of HAYW. MSD Capital L P bought a new stake in Hayward during the third quarter worth $418,901,000. Michael & Susan Dell Foundation bought a new stake in Hayward during the third quarter worth $39,646,000. Wellington Management Group LLP bought a new stake in Hayward during the third quarter worth $20,391,000. Weiss Asset Management LP grew its holdings in Hayward by 515.0% during the third quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company’s stock worth $19,731,000 after buying an additional 1,077,117 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 period.
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.
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