Hayward Holdings, Inc. (NYSE:HAYW) Receives $17.50 Consensus PT from Analysts

Shares of Hayward Holdings, Inc. (NYSE:HAYW) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.00.

HAYW has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Hayward in a research note on Tuesday, October 14th. Stifel Nicolaus lifted their price objective on Hayward from $17.50 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Zacks Research raised Hayward from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd.

Insider Activity

In other news, CFO Eifion Jones sold 25,000 shares of Hayward stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $17.50, for a total value of $437,500.00. Following the transaction, the chief financial officer directly owned 287,231 shares of the company’s stock, valued at $5,026,542.50. The trade was a 8.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $15.16, for a total value of $918,256.36. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares in the company, valued at $9,452,866.40. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,571 shares of company stock worth $1,685,756 over the last ninety days. Corporate insiders own 5.06% of the company’s stock.

Hedge Funds Weigh In On Hayward

Several hedge funds and other institutional investors have recently modified their holdings of HAYW. KBC Group NV lifted its position in Hayward by 51.1% during the 1st quarter. KBC Group NV now owns 9,584 shares of the company’s stock worth $133,000 after acquiring an additional 3,241 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Hayward by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 706,002 shares of the company’s stock valued at $9,828,000 after purchasing an additional 16,522 shares in the last quarter. Cerity Partners LLC raised its position in shares of Hayward by 0.9% in the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company’s stock valued at $1,381,000 after purchasing an additional 869 shares in the last quarter. Northern Trust Corp raised its position in shares of Hayward by 4.0% in the 1st quarter. Northern Trust Corp now owns 1,758,987 shares of the company’s stock valued at $24,485,000 after purchasing an additional 67,218 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Hayward by 48.6% in the 1st quarter. Raymond James Financial Inc. now owns 1,142,307 shares of the company’s stock valued at $15,901,000 after purchasing an additional 373,668 shares in the last quarter.

Hayward Stock Down 2.6%

Shares of NYSE:HAYW opened at $16.53 on Tuesday. The stock’s 50-day moving average price is $15.58 and its two-hundred day moving average price is $14.79. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62. Hayward has a 12-month low of $11.10 and a 12-month high of $17.73. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.78 and a beta of 1.11.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Hayward had a return on equity of 11.24% and a net margin of 12.54%.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 company earned $0.11 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. On average, research analysts forecast that Hayward will post 0.6 EPS for the current year.

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.