Hayward Holdings, Inc. (NYSE:HAYW) Receives Consensus Recommendation of "Hold" from Brokerages – MarketBeat

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Shares of Hayward Holdings, Inc. (NYSE:HAYWGet Rating) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.50.
HAYW has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded Hayward from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $13.00 in a report on Friday, July 29th. Robert W. Baird downgraded Hayward from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Thursday, July 14th. Morgan Stanley reduced their target price on Hayward from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, July 29th. Finally, KeyCorp reduced their target price on Hayward from $19.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 29th.

Insiders Place Their Bets

In other Hayward news, CFO Eifion Jones sold 140,501 shares of Hayward stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $13.89, for a total transaction of $1,951,558.89. Following the transaction, the chief financial officer now owns 175,282 shares of the company’s stock, valued at approximately $2,434,666.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Hayward

Several hedge funds have recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Hayward by 14.2% during the 4th quarter. Rhumbline Advisers now owns 42,118 shares of the company’s stock worth $1,105,000 after purchasing an additional 5,241 shares during the last quarter. Fiera Capital Corp increased its stake in shares of Hayward by 52.5% during the 1st quarter. Fiera Capital Corp now owns 918,838 shares of the company’s stock worth $15,271,000 after purchasing an additional 316,335 shares during the last quarter. Summit Global Investments purchased a new stake in shares of Hayward during the 1st quarter worth approximately $371,000. Wedge Capital Management L L P NC increased its stake in shares of Hayward by 59.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 754,874 shares of the company’s stock worth $12,546,000 after purchasing an additional 280,297 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Hayward during the 1st quarter worth approximately $15,191,000. Institutional investors own 74.02% of the company’s stock.

Hayward Stock Performance

Shares of Hayward stock opened at $11.47 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $12.32 and a two-hundred day moving average price of $14.64. Hayward has a 1-year low of $10.13 and a 1-year high of $28.65. The company has a market cap of $2.48 billion, a P/E ratio of 10.82 and a beta of 0.42.
Hayward (NYSE:HAYWGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Hayward had a return on equity of 22.11% and a net margin of 16.81%. The business had revenue of $399.40 million for the quarter, compared to analyst estimates of $416.21 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. As a group, analysts anticipate that Hayward will post 0.99 EPS for the current year.

Hayward Company Profile

(Get Rating)
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 residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features.

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Analyst Recommendations for Hayward (NYSE:HAYW)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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