The Goldman Sachs Group Trims Hayward (NYSE:HAYW) Target Price to $13.00

Hayward (NYSE:HAYW) had its target price trimmed by The Goldman Sachs Group from $15.00 to $13.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Stifel Nicolaus increased their price target on Hayward from $13.50 to $14.50 and gave the stock a hold rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $14.30.

Hayward Price Performance

HAYW stock opened at $12.21 on Tuesday. Hayward has a 1 year low of $9.80 and a 1 year high of $16.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.34 and a current ratio of 3.37. The stock’s 50 day moving average price is $13.74 and its 200 day moving average price is $13.60. The firm has a market cap of $2.62 billion, a P/E ratio of 33.92, a PEG ratio of 1.66 and a beta of 1.21.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The company had revenue of $212.57 million for the quarter, compared to analyst estimates of $207.33 million. On average, sell-side analysts expect that Hayward will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $12.13, for a total value of $519,855.41. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $6,341,551.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 171,428 shares of company stock valued at $2,305,278. 3.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Public Sector Pension Investment Board purchased a new position in shares of Hayward in the 3rd quarter worth $2,202,000. WCM Investment Management LLC increased its holdings in Hayward by 11.2% in the 4th quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock valued at $29,179,000 after purchasing an additional 214,991 shares in the last quarter. Jump Financial LLC increased its holdings in Hayward by 711.1% in the 4th quarter. Jump Financial LLC now owns 82,300 shares of the company’s stock valued at $1,119,000 after purchasing an additional 72,153 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Hayward by 24.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,419,859 shares of the company’s stock valued at $46,511,000 after purchasing an additional 662,795 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in Hayward in the 1st quarter valued at $3,606,000.

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.