Hayward (NYSE:HAYW) Hits New 52-Week High – Time to Buy?

Hayward Holdings, Inc. (NYSE:HAYW)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $16.87 and last traded at $16.30, with a volume of 322171 shares. The stock had previously closed at $16.28.

Analysts Set New Price Targets

A number of brokerages have weighed in on HAYW. Robert W. Baird boosted their price target on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. KeyCorp boosted their price target on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price objective on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group boosted their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.80.

Hayward Stock Up 0.3 %

The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 2.26 and a beta of 1.19. The firm has a 50-day moving average of $14.88 and a two-hundred day moving average of $14.11.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $227.57 million for the quarter, compared to analyst estimates of $222.88 million. During the same period in the previous year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,470,797.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.25% of the company’s stock.

Institutional Investors Weigh In On Hayward

Large investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in Hayward by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after buying an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hayward by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after buying an additional 469,124 shares in the last quarter. Jane Street Group LLC lifted its holdings in Hayward by 241.0% during the 1st 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in Hayward by 4.6% during the 2nd 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 in the last quarter. Finally, Jade Capital Advisors LLC acquired a new position in Hayward during the 3rd quarter worth $2,301,000.

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.