Hayward (NYSE:HAYW) Reaches New 1-Year Low – Here’s Why

by · The Cerbat Gem

Shares of Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $11.70 and last traded at $11.70, with a volume of 872369 shares changing hands. The stock had previously closed at $12.43.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price for the company in a research note on Wednesday, February 5th. Wolfe Research downgraded shares of Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Finally, Robert W. Baird increased their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.13.

View Our Latest Analysis on Hayward

Hayward Stock Performance

The firm’s 50 day moving average is $14.36 and its two-hundred day moving average is $15.04. The stock has a market capitalization of $2.60 billion, a PE ratio of 28.61, a P/E/G ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62.

Hayward (NYSE:HAYW – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. As a group, research analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. This trade represents a 8.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.25% of the company’s stock.

Hedge Funds Weigh In On Hayward

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock valued at $44,000 after buying an additional 671 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Hayward by 98.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after acquiring an additional 2,524 shares during the period. KBC Group NV boosted its holdings in shares of Hayward by 56.2% in the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after acquiring an additional 2,283 shares in the last quarter. Sterling Capital Management LLC lifted its position in Hayward by 61.9% in the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company’s stock valued at $131,000 after purchasing an additional 3,268 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock valued at $156,000 after purchasing an additional 2,062 shares in the last quarter.

Hayward Company Profile

(Get Free Report)

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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