Robert W. Baird Issues Positive Forecast for Hayward (NYSE:HAYW) Stock Price

Hayward (NYSE:HAYW) had its price target boosted by equities researchers at Robert W. Baird from $17.00 to $18.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 22.49% from the stock’s previous close.

HAYW has been the topic of a number of other reports. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Stifel Nicolaus upgraded shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price on the stock in a research note on Wednesday, February 5th.

Hayward Stock Down 0.4 %

HAYW stock opened at $14.70 on Friday. Hayward has a 12-month low of $11.96 and a 12-month high of $16.87. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 1.87 and a beta of 1.16. The company has a 50 day moving average of $14.81 and a two-hundred day moving average of $15.07.

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

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.52, for a total value of $726,000.00. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,591,041.48. The trade was a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.25% of the stock is owned by company insiders.

Institutional Trading of Hayward

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAYW. MSD Capital L P bought a new stake in Hayward in the third quarter valued at about $418,901,000. Kovitz Investment Group Partners LLC increased its stake in Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock valued at $128,942,000 after acquiring an additional 6,696,170 shares during the period. Michael & Susan Dell Foundation increased its stake in Hayward by 247.6% in the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company’s stock valued at $137,373,000 after acquiring an additional 6,400,000 shares during the period. BBR Partners LLC bought a new stake in Hayward in the fourth quarter valued at about $67,399,000. Finally, Fiduciary Management Inc. WI bought a new stake in Hayward in the fourth quarter valued at about $62,949,000.

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.