Hayward (NYSE:HAYW) Hits New 52-Week Low - What's Next?

Key Points

• Hayward shares fell to a new 52-week low of $12.27, below both the 50-day and 200-day moving averages, giving the company a market capitalization of approximately $2.62 billion.
• Analyst sentiment remains cautious: two analysts rate the stock a Buy and seven rate it a Hold, producing a consensus “Hold” rating and a $17.50 target price.
• Despite the stock weakness, Hayward recently beat quarterly earnings and revenue expectations, with EPS of $0.26 and revenue of $318.38 million; however, insiders have sold 103,500 shares worth about $1.5 million over the past three months.

Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.27 and last traded at $12.3450, with a volume of 3805527 shares changing hands. The stock had previously closed at $12.52.

Analysts Set New Price Targets

A number of research firms have commented on HAYW. Wolfe Research began coverage on Hayward in a research report on Tuesday, September 15th. They set a "peer perform" rating for the company. KeyCorp reissued a "sector weight" rating on shares of Hayward in a research report on Monday, July 20th. Weiss Ratings lowered shares of Hayward from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, September 14th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Hayward in a research note on Wednesday, July 29th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Hayward in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.50.

Hayward Stock Down 1.4%

The company's 50-day moving average is $14.18 and its 200 day moving average is $14.48. The company has a market capitalization of $2.62 billion, a PE ratio of 16.68, a P/E/G ratio of 1.15 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The business 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%. Hayward's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. As a group, analysts anticipate that Hayward Holdings, Inc. will post 0.87 EPS for the current year.

Insider Activity at Hayward

In related 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 value of $44,940.00. Following the transaction, the senior vice president directly owned 167,911 shares of the company's stock, valued at approximately $2,155,977.24. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction 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 sale, the chief executive officer owned 701,234 shares in the company, valued at approximately $9,712,090.90. This represents a 6.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 103,500 shares of company stock valued at $1,502,940 in the last three months. 4.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HAYW. Hantz Financial Services Inc. raised its position in Hayward by 80.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company's stock worth $32,000 after buying an additional 916 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Hayward by 103.9% during the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company's stock valued at $38,000 after acquiring an additional 1,265 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Hayward during the 4th quarter valued at about $39,000. Nykredit A S bought a new stake in shares of Hayward in the second quarter worth approximately $42,000. Finally, Allworth Financial LP bought a new stake in shares of Hayward in the second quarter worth approximately $47,000.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and sells equipment and systems used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic cleaners, lighting, salt chlorination systems and pool automation and controls.

The company's products are intended to help pool owners and professionals circulate, filter, heat, sanitize and manage pool water. Hayward sells through distributors, retailers, pool builders and service professionals, serving customers primarily in North America as well as selected international markets.

Hayward's business traces its history to 1925 and has developed from a pool-equipment manufacturer into a provider of connected and energy-efficient pool solutions.

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