Hayward (NYSE:HAYW) Earns Peer Perform Rating from Wolfe Research

Hayward (NYSE:HAYW)‘s stock had its “peer perform” rating reissued by equities research analysts at Wolfe Research in a report issued on Tuesday, Benzinga reports.

Several other brokerages have also commented on HAYW. Cantor Fitzgerald reissued a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Hayward in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Hayward has a consensus rating of “Hold” and a consensus target price of $17.50.

Hayward Stock Down 1.9%

HAYW stock opened at $12.86 on Tuesday. Hayward has a fifty-two week low of $12.84 and a fifty-two week high of $17.73. The business’s 50 day moving average price is $14.74 and its two-hundred day moving average price is $14.68. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10.

Hayward (NYSE:HAYW) last announced its earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Hayward had a return on equity of 11.61% and a net margin of 13.83%.The firm had revenue of $318.38 million during the quarter, compared to analyst estimates of $303.35 million. During the same quarter in the prior year, the company earned $0.24 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. As a group, analysts forecast that Hayward will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $13.85, for a total value of $692,500.00. Following the sale, the chief executive officer directly owned 701,234 shares of the company’s stock, valued at approximately $9,712,090.90. This represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 270,000 shares of company stock valued at $4,385,100 over the last 90 days. Insiders own 4.73% of the company’s stock.

Hedge Funds Weigh In On Hayward

Several large investors have recently modified their holdings of the stock. Jackson Creek Investment Advisors LLC bought a new stake in shares of Hayward in the fourth quarter worth $1,744,000. Fiduciary Management Inc. WI lifted its holdings in Hayward by 13.2% in the fourth quarter. Fiduciary Management Inc. WI now owns 9,089,866 shares of the company’s stock valued at $140,438,000 after acquiring an additional 1,063,380 shares during the period. BlackRock Inc. purchased a new position in Hayward in the second quarter worth about $422,455,000. Legal & General Group Plc purchased a new position in Hayward in the second quarter worth about $8,358,000. Finally, Intech Investment Management LLC grew its stake in shares of Hayward by 371.8% during the 4th quarter. Intech Investment Management LLC now owns 150,651 shares of the company’s stock valued at $2,328,000 after purchasing an additional 118,720 shares during the period.

About Hayward

Hayward Holdings, Inc designs, manufactures and sells equipment and systems used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic cleaners, lighting, salt chlorination systems and pool automation and controls.

The company’s products are intended to help pool owners and professionals circulate, filter, heat, sanitize and manage pool water. Hayward sells through distributors, retailers, pool builders and service professionals, serving customers primarily in North America as well as selected international markets.

Hayward’s business traces its history to 1925 and has developed from a pool-equipment manufacturer into a provider of connected and energy-efficient pool solutions.