Hayward Holdings, Inc. (NYSE:HAYW) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.00.

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Hayward in a research note on Monday, December 15th. Zacks Research raised Hayward from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus boosted their price target on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 5th.

Insider Activity

In related news, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $15.16, for a total transaction of $918,256.36. Following the sale, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at approximately $9,452,866.40. The trade was a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eifion Jones sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $17.50, for a total transaction of $437,500.00. Following the completion of the transaction, the chief financial officer directly owned 287,231 shares of the company’s stock, valued at approximately $5,026,542.50. The trade was a 8.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 206,713 shares of company stock valued at $3,346,725. Insiders own 5.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HAYW. CIBC Bancorp USA Inc. acquired a new stake in shares of Hayward during the 3rd quarter valued at $37,846,000. Verition Fund Management LLC raised its position in Hayward by 60.8% in the third quarter. Verition Fund Management LLC now owns 351,706 shares of the company’s stock valued at $5,318,000 after purchasing an additional 132,981 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Hayward in the third quarter valued at about $4,123,000. Polymer Capital Management HK LTD acquired a new stake in shares of Hayward during the third quarter valued at about $179,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Hayward during the third quarter worth about $1,011,000.

Hayward Stock Down 0.0%

HAYW stock opened at $15.99 on Wednesday. Hayward has a 52 week low of $11.10 and a 52 week high of $17.73. The business has a 50-day simple moving average of $15.89 and a 200 day simple moving average of $15.33. The company has a quick ratio of 2.31, a current ratio of 3.18 and a debt-to-equity ratio of 0.62. The company has a market cap of $3.47 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.68 and a beta of 1.12.

Hayward (NYSE:HAYW) last released its earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Hayward had a net margin of 12.54% and a return on equity of 11.24%. The firm had revenue of $244.34 million for the quarter, compared to analyst estimates of $231.46 million. During the same period last year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that Hayward will post 0.6 EPS for the current fiscal year.

Hayward Company Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.