Fidelity Management & Research Co has recently announced that it has increased stake in Hayward Holdings Inc (NYSE:HAYW) by 6.93%. After grabbing 22.14 million shares, the institutional investor is now in possession of 1.43 million shares of the Industrials Company. The new investment brought the stake of investor firm to 10.39% having worth around $232.45 million. Moreover, BlackRock Fund Advisors increased its share by 10.48 million to have a control over 15.17 million shares. And The Vanguard Group, Inc. raised its holdings to 1.83 million shares by acquiring 13.35 million shares or 6.26% of the stake.
Hayward Holdings Inc (HAYW) concluded trading on 12/13/23 at a closing price of $12.37, with 4.14 million shares of worth about $51.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.44% during that period and on Wednesday the price saw a gain of about 1.89%. Currently the company’s common shares owned by public are about 213.70M shares, out of which, 212.37M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the HAYW stock and their offered price forecasts bring an average price target of $13.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.00 and could fall to a lowest price of $10.00. The stock’s current price level is 7.55% above of average price target set by the analysts, while a rise to estimated low would result in loss of -23.7% for the stock. However, touching the estimated high of $16.00 would mean a gain of 22.69% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 580,222 shares in 32 of the transactions. In 23 selling transactions, insiders dumped 9,621,644 shares.
Fidelity Low Priced Stock Fund, iShares Core S&P Small Cap ETF, and Fidelity Small Cap Value Fund are the top 3 mutual funds which are holding stakes in Hayward Holdings Inc Fidelity Low Priced Stock Fund is currently holding 8.7 million shares of worth totaling $91.32 million. The company recently came buying 0.0 shares which brought its stake up to 4.08% of the company’s outstanding shares. iShares Core S&P Small Cap ETF sold 1460.0 shares, after which its hold over company’s outstanding shares shrunk to 3.98%, leaving 8.49 million shares with the mutual fund that have a worth of about $89.11 million. Fidelity Small Cap Value Fund, after buying 6.1 million shares, have now control over 2.86% of the stake in the company. It holds 0.0 shares of worth $64.03 million.
However, the stock later moved at a day high price of 12.48, or with a gain of 1.89%. Stock saw a price change of -2.44% in past 5 days and over the past one month there was a price change of 15.07%. Year-to-date (YTD), HAYW shares are showing a performance of 31.60% which increased to 33.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.82 but also hit the highest price of $15.22 during that period. The average intraday trading volume for Hayward Holdings Inc shares is 2.85 million. The stock is currently trading 2.56% above its 20-day simple moving average (SMA20), while that difference is up 2.92% for SMA50 and it goes to 0.10% higher than SMA200.
Fidelity Management & Research Co acquired 22.14 million shares of Hayward Holdings Inc having value of about $232.45 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 1.43 million shares in the company valued at close to $17741276.66, or have control over 6.93% stake in the company. Hayward Holdings Inc (NYSE: HAYW) currently have 213.70M outstanding shares and institutions hold larger chunk of about 115.22% of that. Holding of mutual funds in the company is about 53.23% while other institutional holders and individual stake holders have control over 65.86% and 50.11% of the stake respectively.
The stock has a current market capitalization of $2.64B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 41.55, while it has posted earnings per share of $0.30 in the same period. It has Quick Ratio of 2.13 while making debt-to-equity ratio of 0.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HAYW, volatility over the week remained 3.58% while standing at 3.17% over the month.
Analysts are in expectations that Hayward Holdings Inc (HAYW) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is $0.11 and it is $0.67 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.2 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -45.70% while it is estimated to increase by 22.47% in next year.
Analysts at 10 brokerage firms have issued recommendations for the Hayward Holdings Inc (HAYW)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 10 Wall Street analysts, 6 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on August 03, 2023 offering a Buy rating for the stock and assigned a target price range of between $14 and $16.50 to it.
