Hayward (NYSE:HAYW) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Hayward (NYSE:HAYW - Get Free Report) had its target price boosted by equities researchers at The Goldman Sachs Group from $14.00 to $16.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective suggests a potential downside of 3.56% from the stock's current price.

A number of other research analysts have also recently issued reports on the company. Stifel Nicolaus raised their price objective on Hayward from $15.50 to $16.00 and gave the company a "hold" rating in a research note on Monday. Robert W. Baird raised their price objective on Hayward from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, KeyCorp raised their price objective on Hayward from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.80.

Hayward Price Performance

HAYW traded up $0.92 during trading on Wednesday, reaching $16.59. The stock had a trading volume of 6,415,069 shares, compared to its average volume of 1,458,953. The stock has a market cap of $3.57 billion, a PE ratio of 41.48, a PEG ratio of 2.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.68 and a current ratio of 2.59. Hayward has a one year low of $9.80 and a one year high of $16.85. The business has a 50-day moving average of $14.77 and a 200-day moving average of $14.02.

Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $227.57 million for the quarter, compared to analysts' expectations of $222.88 million. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The firm's revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, equities research analysts anticipate that Hayward will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 42,857 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $7,470,797.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.25% of the stock is owned by insiders.

Institutional Trading of Hayward

Large investors have recently modified their holdings of the business. Jane Street Group LLC lifted its holdings in Hayward by 241.0% in the first quarter. Jane Street Group LLC now owns 608,218 shares of the company's stock worth $9,312,000 after buying an additional 429,851 shares during the period. Bayesian Capital Management LP purchased a new stake in Hayward in the first quarter worth about $952,000. Victory Capital Management Inc. lifted its holdings in Hayward by 4.6% in the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company's stock worth $62,616,000 after buying an additional 222,311 shares during the period. Vanguard Group Inc. lifted its holdings in Hayward by 0.4% in the first quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company's stock worth $225,902,000 after buying an additional 51,488 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in Hayward in the first quarter worth about $1,195,000.

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.