In a report issued on July 28, Michael Halloran from Robert W. Baird maintained a Hold rating on Hayward Holdings (HAYW – Research Report), with a price target of $13.00. The company’s shares closed last Friday at $11.67, close to its 52-week low of $10.48.
According to TipRanks.com, Halloran is a 5-star analyst with an average return of 9.7% and a 55.5% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Evoqua Water Technologies, Advanced Drainage Systems, and Emerson Electric Company.
Hayward Holdings has an analyst consensus of Hold, with a price target consensus of $14.40, representing a 28.2% upside. In a report issued on July 29, Goldman Sachs also downgraded the stock to Hold with a $13.00 price target.
Based on Hayward Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $410 million and net profit of $74.03 million. In comparison, last year the company earned revenue of $334 million and had a net profit of $36.87 million.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HAYW in relation to earlier this year.
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Hayward Holdings Inc is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. The products are offered under various brands namely AquaVac, AquaRite, ColorLogic, Navigator, OmniLogic, OmniHub, TriStar, Super Pump, TurboCell, pHin and others.
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