Hayward (HAYW) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hayward in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HAYW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HAYW, but not buy additional shares or sell existing shares.
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9 Wall Street research analysts have issued 1-year price targets for Hayward's stock. Their HAYW share price forecasts range from $8.00 to $16.00. On average, they predict the company's share price to reach $12.67 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
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Hayward's stock was trading at $9.40 at the beginning of 2023. Since then, HAYW stock has increased by 20.5% and is now trading at $11.33.
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Hayward saw a decrease in short interest in May. As of May 15th, there was short interest totaling 18,280,000 shares, a decrease of 6.0% from the April 30th total of 19,440,000 shares. Based on an average daily trading volume, of 2,040,000 shares, the days-to-cover ratio is currently 9.0 days. Approximately 9.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Hayward Holdings, Inc. (NYSE:HAYW) posted its quarterly earnings results on Thursday, May, 4th. The company reported $0.07 EPS for the quarter, topping 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 trailing twelve-month return on equity of 12.20%. Hayward's revenue was down 48.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share.

ETFs with the largest weight of Hayward (NYSE:HAYW) stock in their portfolio include First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Kovitz Core Equity ETF (EQTY), iShares U.S. Home Construction ETF (ITB), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), Invesco BuyBack Achievers ETF (PKW), iShares U.S. Industrials ETF (IYJ),

Hayward updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.08 billion, compared to the consensus revenue estimate of $1.04 billion.

6 employees have rated Hayward Chief Executive Officer Kevin Holleran on Glassdoor.com. Kevin Holleran has an approval rating of 59% among the company's employees. This puts Kevin Holleran in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 59.0% of employees surveyed would recommend working at Hayward to a friend.

(HAYW) raised $725 million in an initial public offering (IPO) on Friday, March 12th 2021. The company issued 40,300,000 shares at a price of $17.00-$19.00 per share. BofA Securities, Goldman Sachs, Nomura, Credit Suisse, Morgan Stanley, Baird, Guggenheim Securities and Jefferies served as the underwriters for the IPO and BMO Capital Markets, KeyBanc Capital Markets, William Blair, Houlihan Lokey and Moelis & Co. were co-managers.

Hayward trades on the New York Stock Exchange (NYSE) under the ticker symbol "HAYW."

Hayward's stock is owned by a number of retail and institutional investors. Top institutional shareholders include CCMP Capital GP LLC (14.10%), FMR LLC (9.26%), Alberta Investment Management Corp (7.71%), JPMorgan Chase & Co. (4.18%), Cantillon Capital Management LLC (2.44%) and Victory Capital Management Inc. (2.39%). Insiders that own company stock include Alberta Investment Management, Arthur L Soucy, Ccmp Capital, Lp, Donald Matthew Smith, Eifion Jones, Fernando Blasco, Kevin Holleran, Lawrence Harris Silber, Lesley Billow and Rick Roetken.
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Shares of HAYW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HAYW stock can currently be purchased for approximately $11.33.

Hayward (NYSE:HAYW) has a market capitalization of $2.41 billion and generates $1.31 billion in revenue each year. The company earns $179.35 million in net income (profit) each year or $0.50 on an earnings per share basis.

The company employs 2,000 workers across the globe.

Hayward's mailing address is 400 CONNELL DRIVE SUITE 6100, BERKELEY HEIGHTS NJ, 07922. The official website for the company is investor.hayward.com. The company can be reached via phone at 704-285-5445 or via email at investor.relations@hayward.com.