KeyCorp Reiterates “Sector Weight” Rating for Hayward (NYSE:HAYW)

Hayward (NYSE:HAYW)‘s stock had its “sector weight” rating reiterated by equities research analysts at KeyCorp in a research report issued to clients and investors on Monday, MarketBeat Ratings reports.

A number of other research firms have also recently commented on HAYW. The Goldman Sachs Group raised their target price on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their price objective on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus increased their target price on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $16.80.

Hayward Stock Down 1.1 %

NYSE:HAYW opened at $14.76 on Monday. The firm has a market capitalization of $3.18 billion, a P/E ratio of 35.14, a PEG ratio of 2.28 and a beta of 1.17. The company’s fifty day moving average price is $15.87 and its 200-day moving average price is $14.68. Hayward has a 1-year low of $11.81 and a 1-year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $227.57 million during the quarter, compared to analysts’ expectations of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. Hayward’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. As a group, equities research analysts anticipate that Hayward will post 0.61 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.96, for a total value of $1,596,000.00. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the transaction, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.

Institutional Trading of Hayward

A number of hedge funds and other institutional investors have recently modified their holdings of HAYW. Bank of New York Mellon Corp increased its holdings in shares of Hayward by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 860,293 shares of the company’s stock worth $10,582,000 after buying an additional 11,013 shares during the last quarter. Natixis Advisors LLC raised its position in Hayward by 7.9% in the second quarter. Natixis Advisors LLC now owns 20,078 shares of the company’s stock valued at $247,000 after purchasing an additional 1,462 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Hayward by 4.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after purchasing an additional 222,311 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Hayward by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock worth $517,000 after purchasing an additional 887 shares during the period. Finally, Quest Partners LLC increased its position in shares of 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 purchasing an additional 5,420 shares during the last quarter.

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.