Hayward Holdings, Inc. (NYSE:HAYW) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts currently rate Hayward Holdings, Inc. (NYSE:HAYW) with an average recommendation of "Hold", with five hold ratings and one buy rating, and a consensus price target of $17.50.
• In its latest earnings report, Hayward posted $0.24 earnings per share, exceeding estimates, with a revenue of $299.60 million reflecting a year-over-year increase of 5.3%.
• Recent insider trades showed significant stock sales by executives, with CFO Eifion Jones and CEO Kevin Holleran selling a combined total of 80,571 shares worth nearly $1.25 million.

Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) has received an average recommendation of "Hold" from the six brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.50.

Several research firms have recently issued reports on HAYW. Weiss Ratings reissued a "hold (c)" rating on shares of Hayward in a research report on Saturday, September 27th. Stifel Nicolaus boosted their price target on Hayward from $17.50 to $18.00 and gave the stock a "buy" rating in a research report on Friday, September 5th.

Hayward Trading Up 0.2%

Shares of Hayward stock traded up $0.04 during trading hours on Friday, hitting $15.47. The company's stock had a trading volume of 1,686,203 shares, compared to its average volume of 2,760,411. Hayward has a 1-year low of $11.10 and a 1-year high of $16.87. The business has a fifty day moving average of $15.58 and a 200 day moving average of $14.35. The company has a market capitalization of $3.35 billion, a PE ratio of 21.43, a P/E/G ratio of 2.33 and a beta of 1.11. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The company had revenue of $299.60 million during the quarter, compared to analyst estimates of $291.17 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Hayward will post 0.6 EPS for the current year.

Insider Activity at Hayward

In related news, CFO Eifion Jones sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer directly owned 287,231 shares of the company's stock, valued at approximately $4,739,311.50. This trade represents a 6.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $15.27, for a total transaction of $924,919.17. Following the sale, the chief executive officer directly owned 623,540 shares of the company's stock, valued at approximately $9,521,455.80. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,142 shares of company stock worth $2,405,676 over the last three months. 5.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hayward

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Hayward by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company's stock valued at $278,155,000 after purchasing an additional 677,373 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Hayward by 17.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,056,232 shares of the company's stock valued at $124,976,000 after purchasing an additional 1,330,482 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in Hayward by 63.0% during the 1st quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company's stock valued at $93,402,000 after purchasing an additional 2,592,926 shares in the last quarter. American Century Companies Inc. grew its holdings in Hayward by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 6,439,016 shares of the company's stock valued at $88,858,000 after purchasing an additional 686,664 shares in the last quarter. Finally, Greenhouse Funds LLLP grew its holdings in Hayward by 14.5% during the 2nd quarter. Greenhouse Funds LLLP now owns 5,253,834 shares of the company's stock valued at $72,503,000 after purchasing an additional 664,737 shares in the last quarter.

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.

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