KeyCorp Forecasts Hayward’s Q4 Earnings (NYSE:HAYW)

Hayward Holdings, Inc. (NYSE:HAYW) – Equities researchers at KeyCorp issued their Q4 2024 earnings estimates for Hayward in a report released on Sunday, January 5th. KeyCorp analyst J. Hammond expects that the company will earn $0.22 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Hayward’s current full-year earnings is $0.61 per share. KeyCorp also issued estimates for Hayward’s FY2025 earnings at $0.68 EPS.

Other equities analysts have also issued research reports about the stock. Robert W. Baird upped their target price on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus raised their target price on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hayward presently has a consensus rating of “Hold” and a consensus price target of $16.80.

Hayward Trading Down 1.7 %

Hayward stock opened at $14.51 on Wednesday. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 2.28 and a beta of 1.17. Hayward has a 12-month low of $11.81 and a 12-month high of $16.87. The firm has a 50 day moving average of $15.79 and a 200 day moving average of $14.68. 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 (NYSE:HAYW) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. Hayward’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS.

Institutional Trading of Hayward

A number of large investors have recently made changes to their positions in the stock. MSD Capital L P acquired a new position in Hayward in the third quarter valued at $418,901,000. Michael & Susan Dell Foundation acquired a new position in shares of Hayward during the 3rd quarter valued at about $39,646,000. Wellington Management Group LLP purchased a new position in shares of Hayward during the 3rd quarter worth about $20,391,000. Weiss Asset Management LP boosted its position in shares of Hayward by 515.0% in the third quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company’s stock worth $19,731,000 after acquiring an additional 1,077,117 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Hayward by 18.5% in the third 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.

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 transaction of $1,208,250.00. Following the transaction, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was 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 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. Company insiders own 3.25% of the company’s stock.

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.