Hayward Holdings, Inc. (NYSE:HAYW) Given Consensus Recommendation of “Hold” by Brokerages
Hayward Holdings, Inc. (NYSE:HAYW) has received a consensus recommendation of “Hold” from five research firms currently covering the company. Among these analyses, four analysts have recommended holding the stock, while one has issued a buy recommendation. The average 12-month price target set by brokers for Hayward is $16.80.
Recent evaluations from analysts have provided further insight into the stock. Robert W. Baird increased their target price for Hayward shares from $19.00 to $20.00, classifying the rating as “neutral.” KeyCorp also adjusted their price objective from $17.00 to $18.00 and provided an “overweight” rating. The Goldman Sachs Group set their target price at $16.00 while maintaining a “neutral” rating. Stifel Nicolaus raised their target from $15.50 to $16.00 and continued with a “hold” rating.
As of the last trading session, shares of Hayward opened at $16.18. The company’s stock has shown notable movement over time, with a fifty-day moving average price of $15.47 and a 200-day moving average price of $14.34. Hayward’s current ratio stands at 2.62, while the quick ratio is 1.69, alongside a debt-to-equity ratio of 0.70. Over the past twelve months, the stock’s low was $11.54 and the high reached $16.87. Hayward currently has a market capitalization of $3.49 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 2.30, and a beta of 1.19.
On October 29th, Hayward announced its latest earnings results. The company recorded earnings per share (EPS) of $0.11, surpassing analysts’ expectations of $0.10. Revenue for the quarter was reported at $227.57 million, exceeding the forecasted $222.88 million. Hayward’s return on equity stood at 9.93%, with a net margin of 9.47%. Revenue has shown a 3.3% increase compared to the same quarter the previous year, following an EPS of $0.08 during that time. Analysts predict that Hayward will report earnings of $0.61 per share for the current fiscal year.
Recent insider trading activity also shows some significant movements. CFO Eifion Jones sold 75,000 shares of Hayward stock on November 8th, at an average price of $16.11, totaling approximately $1.21 million. Consequently, he now owns 258,903 shares valued at around $4.17 million, marking a 22.46% decrease in his holdings. CEO Kevin Holleran similarly sold 100,000 shares on November 11th at an average price of $15.96, amounting to about $1.60 million, reducing his ownership by 16.06%. Over the last three months, insiders have sold a total of 217,857 shares of the company, which represents approximately $3.42 million in value. Currently, corporate insiders hold about 3.25% of Hayward’s stock.
In terms of institutional investments, several large investors have recently adjusted their positions in Hayward. MSD Capital L P invested approximately $418.90 million in Hayward during the third quarter. Vanguard Group Inc. slightly increased its stake by 0.4%, now owning 14,755,190 shares worth approximately $225.90 million after adding 51,488 shares. UBS Asset Management Americas LLC raised its holdings by 18.5%, owning about 5.64 million shares after acquiring an additional 878,705 shares. Other notable investors, like Victory Capital Management Inc. and American Century Companies Inc., also adjusted their investments during the third quarter.
Hayward Holdings, Inc. designs, manufactures, and markets a comprehensive portfolio of pool equipment and automation systems across North America, Europe, and internationally. Its product offerings include pumps, filters, robotics, cleaners, gas heaters, and various water maintenance solutions, alongside LED lighting options.
