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

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.80.

Several research firms have recently weighed in on HAYW. Robert W. Baird boosted 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. KeyCorp boosted their target price on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their target price on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research report on Monday, October 28th.

Hayward Stock Performance

Hayward stock opened at $15.79 on Friday. Hayward has a 12-month low of $11.81 and a 12-month high of $16.87. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The firm’s fifty day moving average price is $15.60 and its 200 day moving average price is $14.38.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $227.57 million for the quarter, compared to the consensus estimate of $222.88 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Hayward will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling at Hayward

In other news, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction dated 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 in the company, valued at $4,170,927.33. The trade was a 22.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin Holleran sold 100,000 shares of the firm’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 $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. 3.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hayward

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