Hayward (NYSE:HAYW) Price Target Cut to $18.00 by Analysts at Bank of America
by Jessica Moore · The Cerbat GemHayward (NYSE:HAYW – Get Free Report) had its price target dropped by equities researchers at Bank of America from $19.00 to $18.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 18.07% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Zacks Research raised shares of Hayward from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. Weiss Ratings cut shares of Hayward from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 8th. Stifel Nicolaus reiterated a “buy” rating and set a $19.50 target price (up from $19.00) on shares of Hayward in a report on Thursday, February 26th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $15.00 target price (down from $16.00) on shares of Hayward in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.
Check Out Our Latest Analysis on Hayward
Hayward Stock Down 0.2%
Shares of NYSE HAYW opened at $15.25 on Monday. The stock has a market cap of $3.32 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.53 and a beta of 1.18. The firm has a 50 day moving average price of $14.87 and a 200 day moving average price of $15.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.29 and a current ratio of 2.94. Hayward has a 52-week low of $11.39 and a 52-week high of $17.73.
Hayward (NYSE:HAYW – Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $349.38 million during the quarter, compared to analysts’ expectations of $332.84 million. Hayward had a net margin of 13.51% and a return on equity of 11.27%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. Hayward has set its FY 2026 guidance at 0.820-0.860 EPS. Analysts expect that Hayward will post 0.6 EPS for the current year.
Insider Transactions at Hayward
In related news, CEO Kevin Holleran sold 52,389 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $15.73, for a total transaction of $824,078.97. Following the completion of the transaction, the chief executive officer owned 748,540 shares in the company, valued at approximately $11,774,534.20. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eifion Jones sold 15,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $14.57, for a total transaction of $218,550.00. Following the transaction, the chief financial officer owned 316,100 shares of the company’s stock, valued at $4,605,577. The trade was a 4.53% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 172,167 shares of company stock valued at $2,586,533. Corporate insiders own 4.73% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its holdings in Hayward by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 45,672 shares of the company’s stock worth $706,000 after purchasing an additional 800 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Hayward by 1.2% during the third quarter. Illinois Municipal Retirement Fund now owns 76,598 shares of the company’s stock worth $1,158,000 after purchasing an additional 886 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Hayward by 80.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock worth $32,000 after purchasing an additional 916 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Hayward by 82.4% during the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the company’s stock worth $34,000 after purchasing an additional 986 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in Hayward by 8.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 13,903 shares of the company’s stock worth $215,000 after purchasing an additional 1,035 shares during the last quarter.
Hayward Company Profile
Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.
Hayward’s product portfolio is organized into several core categories.