Hayward (NYSE:HAYW) Reaches New 52-Week Low – Here’s Why

Shares of Hayward Holdings, Inc. (NYSE:HAYW) reached a new 52-week low during trading on Wednesday. The stock traded as low as $11.99 and last traded at $11.8770, with a volume of 84156 shares changing hands. The stock had previously closed at $12.31.

Analysts Set New Price Targets

A number of brokerages recently commented on HAYW. Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. Wolfe Research started coverage on shares of Hayward in a research report on Tuesday, September 15th. They set a “peer perform” rating for the company. Weiss Ratings cut Hayward from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Hayward in a report on Wednesday, July 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.50.

Hayward Price Performance

The company has a quick ratio of 2.49, a current ratio of 3.33 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average price is $13.96 and its 200-day moving average price is $14.41. The stock has a market cap of $2.51 billion, a P/E ratio of 15.99, a PEG ratio of 1.14 and a beta of 1.18.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $318.38 million during the quarter, compared to analyst estimates of $303.35 million. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Analysts forecast that Hayward Holdings, Inc. will post 0.87 earnings per share for the current year.

Insider Transactions at Hayward

In other Hayward news, SVP Susan M. Canning sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $12.84, for a total transaction of $44,940.00. Following the completion of the transaction, the senior vice president owned 167,911 shares of the company’s stock, valued at $2,155,977.24. This represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $13.85, for a total value of $692,500.00. Following the transaction, the chief executive officer directly owned 701,234 shares of the company’s stock, valued at $9,712,090.90. The trade was a 6.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 103,500 shares of company stock valued at $1,502,940. 4.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hayward

Several hedge funds have recently made changes to their positions in HAYW. BlackRock Inc. purchased a new stake in Hayward in the second quarter worth $422,455,000. Dimensional Fund Advisors LP increased its position in Hayward by 11.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,453,736 shares of the company’s stock valued at $99,726,000 after purchasing an additional 761,145 shares during the period. Jennison Associates LLC raised its holdings in Hayward by 1.9% in the 1st quarter. Jennison Associates LLC now owns 4,798,842 shares of the company’s stock worth $64,209,000 after purchasing an additional 90,733 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Hayward by 25.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,975,392 shares of the company’s stock worth $39,811,000 after purchasing an additional 605,743 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Hayward by 17,180.8% in the 4th quarter. Focus Partners Wealth now owns 2,576,737 shares of the company’s stock worth $39,811,000 after purchasing an additional 2,561,826 shares during the period.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools and spas. Its products are intended to support water circulation, filtration, heating, cleaning, sanitation and overall pool management.

The company’s product portfolio includes pumps, filters, heaters, heat pumps, salt-chlorination systems, automatic cleaners, lighting, valves, controls and connected pool-management technologies. Hayward sells products under the Hayward brand and through related product lines, serving pool builders, distributors, service professionals and homeowners.

Hayward serves customers in North America and international markets.