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KeyBanc Thinks Hayward Holdings’ Stock is Going to Recover

In a report released today, Jeffrey Hammond from KeyBanc maintained a Buy rating on Hayward Holdings (HAYWResearch Report), with a price target of $19.00. The company’s shares closed last Wednesday at $13.90, close to its 52-week low of $13.21.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 7.5% and a 49.2% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Generac Holdings, Gates Industrial, and Parker Hannifin.

The word on The Street in general, suggests a Hold analyst consensus rating for Hayward Holdings with a $17.00 average price target.

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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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on HAYW:

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