Hayward Holdings, Inc. (NYSE:HAYW – Get Rating) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.67.
Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Hayward from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Monday, January 23rd. BMO Capital Markets upped their price target on shares of Hayward from $10.00 to $12.00 and gave the company a “market perform” rating in a report on Thursday, March 2nd. Stifel Nicolaus cut shares of Hayward from a “buy” rating to a “hold” rating and increased their target price for the stock from $11.00 to $13.00 in a report on Monday, February 6th. Credit Suisse Group increased their target price on shares of Hayward from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, March 1st. Finally, KeyCorp upped their price target on shares of Hayward from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 1st.
Insiders Place Their Bets
In other news, Director Arthur L. Soucy sold 7,353 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $11.48, for a total value of $84,412.44. Following the sale, the director now directly owns 17,955 shares in the company, valued at approximately $206,123.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Hayward news, major shareholder Ccmp Capital, Lp sold 2,036,894 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $11.75, for a total transaction of $23,933,504.50. Following the completion of the transaction, the insider now owns 836,843 shares in the company, valued at approximately $9,832,905.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arthur L. Soucy sold 7,353 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $11.48, for a total transaction of $84,412.44. Following the transaction, the director now owns 17,955 shares of the company’s stock, valued at approximately $206,123.40. The disclosure for this sale can be found here. Insiders have sold 22,829,331 shares of company stock worth $266,585,322 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.
Institutional Trading of Hayward
Hayward Stock Down 2.9 %
Hayward stock opened at $11.79 on Friday. The company has a market capitalization of $2.51 billion, a P/E ratio of 23.58 and a beta of 0.95. The firm’s fifty day simple moving average is $11.47 and its 200-day simple moving average is $11.22. The company has a current ratio of 3.48, a quick ratio of 2.07 and a debt-to-equity ratio of 0.95. Hayward has a 1-year low of $7.97 and a 1-year high of $16.49.
Hayward (NYSE:HAYW – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $210.14 million for the quarter, compared to the consensus estimate of $204.13 million. Hayward had a net margin of 10.21% and a return on equity of 12.20%. Hayward’s revenue for the quarter was down 48.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Sell-side analysts forecast that Hayward will post 0.56 earnings per share for the current fiscal year.
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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