The stock of Hayward Holdings Inc. (NYSE:HAYW) decreased by -$0.03 on Tuesday to finish at $14.08, down -0.21 percent. The last five days have seen an average of 2,487,680 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $4.68. The average number of shares traded over the last 20 days was 1,685,760, while the average volume over the last 50 days totaled 2,265,832.
HAYW stock appreciated 1.51% since last month. On 09/13/23, the company’s shares reached a one-month low of $13.31. The stock touched a high of $15.22 on 08/07/23, after rallying from a low of $7.97 in 52 weeks. The price of HAYW stock has risen by 49.79% or $4.68 this year, reaching a new high 14 times. Still, the stock price is down -7.46% from the 52-week high.
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Insider Transactions
HAYW stock investors should be aware that Hayward Holdings Inc. (HAYW) stock had its last reported insider trading activity 21 days ago on Aug 30. On Aug 30, VP&GM, Europe & Rest of World BLASCO FERNANDO sold 10,000 shares at $14.50 each. This transaction resulted in the insider making $144,983. On Aug 15, BLASCO FERNANDO sold 10,000 shares at a price of US$14.20. After the transaction, the insider now owns 14,857 shares. Senior Vice President and CFO Jones Eifion had earlier sold 35,000 shares on Aug 03 for $14.66 a share. The transaction was completed for $513,072.
Valuation Metrics
Hayward Holdings Inc. (HAYW) has a trailing price-to-earnings (P/E) ratio of 40.58. Beta for the stock is 1.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.03, the price-to-book (PB) ratio of 2.36, and the price-to-cash flow ratio of 15.95.
Financial Health
For the three months ended June 29, Hayward Holdings Inc.’s quick ratio was 2.00, while its current ratio was 3.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.85, and the total debt to equity ratio is 0.86. As far as profitability goes, gross margin for the trailing twelve months is 45.30% percent. Hayward Holdings Inc.’s EBITDA margin for the year ended June 29 was 26.74%, whereas its operating margin stood at 16.80% for the same period. Based on annual data, it had gross profit of $597.03 million and revenue of $1.31 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HAYW’s return on assets (ROA) during the last 12 months has been 2.70%. There was a 9.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.30%.
Earnings Surprise
According to Hayward Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $283.51 million, while revenues fell by -40.87% to $209.89 million. It was predicted that Hayward Holdings Inc.’s quarterly earnings would be $0.19, but it ended up being $0.16, beating the consensus by 18.80%. EBITDA was $86.9 million for the quarter. At the end of Hayward Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 1.61 billion, while its total debt was $1.17 billion. Equity owned by shareholders amounts to $213.12 million.
Technical Picture
Here’s a quick look at Hayward Holdings Inc.’s (HAYW) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 51.74%, suggesting the stock is Neutral, with a 23.65% historical volatility rate.
The stochastic %K and %D were 39.95% and 37.48% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 40.48%, the RSI (14) reading is 52.10%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at -0.05.
Analyst Ratings
In its most recent analyst report, Stifel raised its rating on Hayward Holdings Inc. (NYSE: HAYW) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Hayward Holdings Inc. (HAYW) an Overweight rating. HAYW is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is HAYW’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $19.00, with a median target price of $16.50. In analyzing these forecasts, the average price target given by analysts for Hayward Holdings Inc. (HAYW) is $15.78.
