Brokerages Set Hayward Holdings, Inc. (NYSE:HAYW) Target Price at $17.50

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have earned an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $17.50.

A number of research firms have recently issued reports on HAYW. Weiss Ratings upgraded shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Zacks Research cut Hayward from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group reissued a “hold” rating and issued a $15.00 price objective (down from $16.00) on shares of Hayward in a research note on Tuesday, March 31st. Cantor Fitzgerald restated a “neutral” rating on shares of Hayward in a report on Monday. Finally, Bank of America lowered their target price on Hayward from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, April 20th.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $17.28, for a total transaction of $2,073,600.00. Following the transaction, the chief executive officer directly owned 701,234 shares in the company, valued at approximately $12,117,323.52. This represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan M. Canning purchased 2,242 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $12.76 per share, with a total value of $28,607.92. Following the acquisition, the senior vice president owned 103,837 shares of the company’s stock, valued at $1,324,960.12. This represents a 2.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 222,389 shares of company stock worth $3,649,544. Insiders own 4.73% of the company’s stock.

Hedge Funds Weigh In On Hayward

Large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Hayward by 36.2% in the 1st quarter. Royal Bank of Canada now owns 126,506 shares of the company’s stock valued at $1,760,000 after acquiring an additional 33,614 shares during the last quarter. Millennium Management LLC raised its position in shares of Hayward by 6.8% during the first quarter. Millennium Management LLC now owns 486,132 shares of the company’s stock worth $6,767,000 after purchasing an additional 30,763 shares during the period. Jane Street Group LLC lifted its holdings in shares of Hayward by 8.2% during the 1st quarter. Jane Street Group LLC now owns 38,064 shares of the company’s stock valued at $530,000 after purchasing an additional 2,885 shares in the last quarter. Invesco Ltd. grew its position in shares of Hayward by 5.1% in the 2nd quarter. Invesco Ltd. now owns 3,061,859 shares of the company’s stock valued at $42,254,000 after purchasing an additional 149,155 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Hayward by 149.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock valued at $65,000 after purchasing an additional 2,814 shares during the period.

Hayward Stock Down 0.8%

Shares of NYSE:HAYW opened at $15.95 on Monday. Hayward has a 52 week low of $12.93 and a 52 week high of $17.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.47 and a current ratio of 3.26. The company’s fifty day moving average is $14.85 and its 200-day moving average is $15.21. The company has a market capitalization of $3.46 billion, a PE ratio of 21.84, a P/E/G ratio of 1.69 and a beta of 1.07.

Hayward (NYSE:HAYW) last announced its earnings results on Wednesday, April 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Hayward had a net margin of 13.98% and a return on equity of 11.45%. The business had revenue of $255.22 million during the quarter, compared to analysts’ expectations of $239.13 million. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Equities research analysts predict that Hayward will post 0.85 earnings per share 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.