6. CLEAN WATER AND SANITATION

FY2023 EPS Estimates for Hayward Holdings, Inc. (NYSE:HAYW) Cut by KeyCorp – MarketBeat

Written by Amanda

FY2023 EPS Estimates for Hayward Holdings, Inc. (NYSE:HAYW) Cut by KeyCorp  MarketBeat

Hayward Holdings, Inc. (NYSE:HAYWGet Rating) – Stock analysts at KeyCorp reduced their FY2023 earnings per share (EPS) estimates for shares of Hayward in a report issued on Tuesday, November 1st. KeyCorp analyst J. Hammond now forecasts that the company will post earnings per share of $0.63 for the year, down from their prior forecast of $0.73. KeyCorp has a “Overweight” rating and a $14.00 price target on the stock. The consensus estimate for Hayward’s current full-year earnings is $0.98 per share.

A number of other equities research analysts have also recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Hayward from $12.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley decreased their target price on Hayward from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 12th. Bank of America cut shares of Hayward from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $14.00 to $8.00 in a report on Tuesday, October 18th. Credit Suisse Group downgraded shares of Hayward from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $9.00 in a research report on Friday, October 14th. Finally, Robert W. Baird downgraded Hayward from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.50.

Hayward Stock Up 2.9 %

Shares of HAYW traded up $0.25 during trading hours on Friday, hitting $8.98. The company had a trading volume of 5,897 shares, compared to its average volume of 1,683,209. Hayward has a 52-week low of $7.97 and a 52-week high of $28.65. The firm has a fifty day moving average price of $9.61 and a 200-day moving average price of $12.57. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 9.33 and a beta of 0.62. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.28 and a current ratio of 2.29.

Institutional Trading of Hayward

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brinker Capital Investments LLC purchased a new position in shares of Hayward in the second quarter worth $310,000. US Bancorp DE increased its holdings in shares of Hayward by 75.6% in the second quarter. US Bancorp DE now owns 69,482 shares of the company’s stock worth $1,000,000 after purchasing an additional 29,914 shares during the last quarter. Fiera Capital Corp lifted its position in shares of Hayward by 52.5% in the first quarter. Fiera Capital Corp now owns 918,838 shares of the company’s stock worth $15,271,000 after buying an additional 316,335 shares in the last quarter. Summit Global Investments purchased a new position in Hayward during the 1st quarter valued at approximately $371,000. Finally, River & Mercantile Asset Management LLP increased its stake in Hayward by 29.5% in the 1st quarter. River & Mercantile Asset Management LLP now owns 275,700 shares of the company’s stock worth $4,584,000 after acquiring an additional 62,800 shares during the last quarter. Institutional investors own 74.02% of the company’s stock.

About Hayward

(Get Rating)

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 residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features.

Further Reading

Earnings History and Estimates for Hayward (NYSE:HAYW)

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About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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