Hayward (NYSE:HAYW) Hits New 1-Year Low - Here's What Happened

Key Points

• Hayward shares hit a new 52-week low of $11.24 during Tuesday trading, with the stock later recovering slightly to $11.53.
• Analyst sentiment remains cautious: the consensus rating is “Hold”, with seven Hold ratings and two Buys, while Goldman Sachs cut its price target from $17 to $14. The consensus target is $16.62.
• Hayward exceeded quarterly earnings and revenue expectations, reporting $0.26 EPS and $318.38 million in revenue, but insiders sold 153,500 shares worth about $2.1 million over the last quarter.

Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $11.24 and last traded at $11.53, with a volume of 2,781,084 shares changing hands. The stock had previously closed at $11.35.

Analyst Ratings Changes

HAYW has been the subject of several recent analyst reports. Cantor Fitzgerald restated a "neutral" rating on shares of Hayward in a report on Monday, July 6th. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research report on Monday, July 20th. Weiss Ratings cut Hayward from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, September 14th. The Goldman Sachs Group decreased their price objective on Hayward from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Wolfe Research initiated coverage on Hayward in a research note on Tuesday, September 15th. They set a "peer perform" rating for the company. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.62.

Hayward Trading Up 1.6%

The company has a market capitalization of $2.45 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.05 and a beta of 1.18. The business has a fifty day moving average price of $13.66 and a 200 day moving average price of $14.35. The company has a quick ratio of 2.49, a current ratio of 3.33 and a debt-to-equity ratio of 0.59.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $318.38 million during the quarter, compared to analysts' expectations of $303.35 million. Hayward had a return on equity of 11.61% and a net margin of 13.83%. Hayward's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. On average, analysts expect that Hayward Holdings, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hayward news, SVP Susan Canning sold 3,500 shares of Hayward stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $12.84, for a total value of $44,940.00. Following the sale, the senior vice president directly owned 167,911 shares in the company, valued at approximately $2,155,977.24. The trade was a 2.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Monday, October 5th. The shares were sold at an average price of $12.40, for a total transaction of $620,000.00. Following the completion of the sale, the chief executive officer owned 401,234 shares in the company, valued at $4,975,301.60. The trade was a 11.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 153,500 shares of company stock worth $2,122,940 over the last quarter. 4.73% of the stock is owned by corporate insiders.

Institutional Trading of Hayward

Hedge funds and other institutional investors have recently modified their holdings of the stock. Reinhart Partners LLC. acquired a new stake in shares of Hayward in the third quarter valued at approximately $38,607,000. Diversified Management Inc. acquired a new position in shares of Hayward during the 3rd quarter worth approximately $2,024,000. Farther Finance Advisors LLC increased its holdings in shares of Hayward by 95.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company's stock worth $38,000 after acquiring an additional 1,529 shares during the last quarter. Steph & Co. increased its holdings in shares of Hayward by 29.2% during the 3rd quarter. Steph & Co. now owns 8,644 shares of the company's stock worth $106,000 after acquiring an additional 1,954 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Hayward in the 2nd quarter valued at $4,693,000.

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.

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