Hayward (NYSE:HAYW) Price Target Raised to $18.00

Hayward (NYSE:HAYW) had its price objective hoisted by Robert W. Baird from $17.00 to $18.00 in a research note released on Friday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on HAYW. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Stifel Nicolaus raised Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research note on Wednesday, February 5th.

Hayward Stock Down 1.9 %

HAYW opened at $14.47 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The business has a 50 day simple moving average of $14.79 and a 200-day simple moving average of $15.07. The stock has a market capitalization of $3.12 billion, a P/E ratio of 34.46, a P/E/G ratio of 1.87 and a beta of 1.16. Hayward has a 12 month low of $11.96 and a 12 month high of $16.87.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business had revenue of $327.08 million during the quarter, compared to analysts’ expectations of $302.76 million. On average, equities analysts anticipate that Hayward will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.25% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hayward

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its position in Hayward by 2,710.1% during the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after buying an additional 2,141 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Hayward during the third quarter worth $43,000. True Wealth Design LLC purchased a new position in Hayward during the third quarter worth $44,000. Harbor Investment Advisory LLC increased its position in Hayward by 98.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after buying an additional 2,524 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Hayward by 56.2% during the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock worth $97,000 after purchasing an additional 2,283 shares during the last quarter.

Hayward Company Profile

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.