Hayward Holdings, Inc. (NYSE:HAYW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $15.50.

Several brokerages have weighed in on HAYW. Robert W. Baird boosted their price objective on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their target price on Hayward from $15.00 to $15.50 and gave the company a “hold” rating in a research report on Friday, August 30th. KeyCorp lowered their price target on Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Finally, The Goldman Sachs Group cut their price objective on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd.

Hayward Stock Down 1.9 %

Shares of HAYW opened at $14.75 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. Hayward has a 1 year low of $9.80 and a 1 year high of $16.04. The business’s 50 day simple moving average is $13.99 and its 200-day simple moving average is $13.92.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The business had revenue of $284.39 million during the quarter, compared to analyst estimates of $282.60 million. During the same quarter last year, the business earned $0.19 earnings per share. Hayward’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts expect that Hayward will post 0.59 earnings per share for the current fiscal year.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total value of $612,426.53. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,470,797.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at $7,470,797.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan M. Canning sold 5,028 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the completion of the transaction, the senior vice president now directly owns 67,904 shares in the company, valued at approximately $950,656. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,599 shares of company stock worth $1,786,815. 3.25% of the stock is currently owned by insiders.

Institutional Trading of Hayward

Several institutional investors and hedge funds have recently made changes to their positions in HAYW. Innealta Capital LLC bought a new position in Hayward in the second quarter worth approximately $30,000. GAMMA Investing LLC lifted its stake in shares of Hayward by 178.5% during the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock worth $41,000 after purchasing an additional 1,714 shares during the last quarter. nVerses Capital LLC bought a new stake in Hayward during the second quarter valued at about $64,000. Quest Partners LLC grew its stake in Hayward by 217.7% in the second quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after purchasing an additional 5,420 shares during the last quarter. Finally, Moody National Bank Trust Division bought a new position in Hayward in the first quarter worth about $164,000.

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.