Hayward (NYSE:HAYW) Price Target Raised to $16.00

Hayward (NYSE:HAYW - Free Report) had its price target increased by Stifel Nicolaus from $15.50 to $16.00 in a report released on Monday, Benzinga reports. They currently have a hold rating on the stock.

Several other research firms have also issued reports on HAYW. The Goldman Sachs Group cut their target price on Hayward from $15.00 to $13.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 2nd. Robert W. Baird increased their target price on Hayward from $16.00 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Finally, KeyCorp dropped their price target on Hayward from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $15.60.

Hayward Trading Down 0.2 %

Shares of HAYW stock traded down $0.03 on Monday, hitting $14.80. 1,544,648 shares of the company's stock traded hands, compared to its average volume of 1,420,005. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 2.50 and a beta of 1.21. Hayward has a one year low of $9.80 and a one year high of $16.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.68 and a current ratio of 2.59. The company's fifty day simple moving average is $14.70 and its 200 day simple moving average is $13.99.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The business had revenue of $284.39 million for the quarter, compared to analysts' expectations of $282.60 million. During the same period last year, the firm earned $0.19 earnings per share. The business's quarterly revenue was up .3% on a year-over-year basis. Equities analysts forecast that Hayward will post 0.59 EPS for the current year.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,470,797.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hayward

Several large investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in shares of Hayward during the second quarter worth approximately $30,000. Blue Trust Inc. increased its position in shares of Hayward by 2,710.1% during the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company's stock worth $34,000 after purchasing an additional 2,141 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Hayward during the second quarter worth $64,000. Quest Partners LLC lifted its holdings in Hayward by 217.7% during the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company's stock worth $97,000 after buying an additional 5,420 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Hayward during the 2nd quarter worth approximately $171,000.

About Hayward

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.