Hayward (NYSE:HAYW) Stock Gets Price Target Trim from The Goldman Sachs Group

Hayward (NYSE:HAYW) had its price objective reduced by The Goldman Sachs Group from $17.00 to $14.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently issued reports on HAYW. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Weiss Ratings downgraded Hayward from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 14th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a research note on Monday, July 6th. Finally, Wolfe Research assumed coverage on Hayward in a research report on Tuesday, September 15th. They issued a “peer perform” rating for the company. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.62.

Hayward Stock Performance

Shares of HAYW stock opened at $11.35 on Friday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.05 and a beta of 1.18. 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 50 day moving average price of $13.74 and a 200 day moving average price of $14.37. Hayward has a one year low of $11.27 and a one year high of $17.73.

Hayward (NYSE:HAYW) last issued its earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $318.38 million for the quarter, compared to analyst estimates of $303.35 million. Hayward had a return on equity of 11.61% and a net margin of 13.83%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Sell-side analysts anticipate that Hayward will post 0.86 EPS for the current year.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $13.85, for a total transaction of $692,500.00. Following the sale, the chief executive officer directly owned 701,234 shares in the company, valued at $9,712,090.90. The trade was a 6.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan M. Canning sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $12.84, for a total transaction of $44,940.00. Following the completion of the sale, the senior vice president directly owned 167,911 shares of the company’s stock, valued at $2,155,977.24. The trade was a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 153,500 shares of company stock valued at $2,122,940. Insiders own 4.73% of the company’s stock.

Hedge Funds Weigh In On Hayward

Several large investors have recently bought and sold shares of HAYW. Reinhart Partners LLC. bought a new stake in shares of Hayward during the 3rd quarter worth about $38,607,000. Diversified Management Inc. acquired a new position in shares of Hayward during the third quarter valued at approximately $2,024,000. Farther Finance Advisors LLC increased its stake in shares of Hayward by 95.3% during the third quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company’s stock valued at $38,000 after acquiring an additional 1,529 shares during the period. Steph & Co. increased its stake in shares of Hayward by 29.2% during the third quarter. Steph & Co. now owns 8,644 shares of the company’s stock valued at $106,000 after acquiring an additional 1,954 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Hayward during the second quarter worth approximately $4,693,000.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools and spas. Its products are intended to support water circulation, filtration, heating, cleaning, sanitation and overall pool management.

The company’s product portfolio includes pumps, filters, heaters, heat pumps, salt-chlorination systems, automatic cleaners, lighting, valves, controls and connected pool-management technologies. Hayward sells products under the Hayward brand and through related product lines, serving pool builders, distributors, service professionals and homeowners.

Hayward serves customers in North America and international markets.