Robert W. Baird Increases Hayward (NYSE:HAYW) Price Target to $18.00

Hayward (NYSE:HAYW) had its target price hoisted by stock analysts at Robert W. Baird from $17.00 to $18.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 24.36% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Stifel Nicolaus upgraded shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Wednesday, February 5th.

Hayward Price Performance

Shares of NYSE HAYW opened at $14.47 on Friday. 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 business’s 50 day moving average price is $14.79 and its two-hundred day moving average price is $15.08. The company has a market cap of $3.12 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. Hayward has a twelve month low of $11.96 and a twelve month high of $16.87.

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

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the business’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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HAYW. MSD Capital L P acquired a new stake in Hayward during the third quarter worth approximately $418,901,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Hayward by 385.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock worth $128,942,000 after purchasing an additional 6,696,170 shares in the last quarter. Michael & Susan Dell Foundation increased its position in shares of Hayward by 247.6% in the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company’s stock worth $137,373,000 after purchasing an additional 6,400,000 shares during the period. BBR Partners LLC acquired a new position in Hayward in the fourth quarter valued at about $67,399,000. Finally, Fiduciary Management Inc. WI acquired a new position in Hayward in the fourth quarter valued at about $62,949,000.

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.