Hayward Holdings Inc (NYSE: HAYW)’s stock price has decreased by -1.06 compared to its previous closing price of 16.10. However, the company has seen a 0.19% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-29 that Hayward Holdings, Inc. (NYSE:HAYW ) Q3 2024 Earnings Call Transcript October 29, 2024 9:00 AM ET Company Participants Kevin Maczka – Vice President of Investor Relations and FP&A Kevin Holleran – President and Chief Executive Officer Eifion Jones – Senior Vice President and Chief Financial Officer Conference Call Participants Andrew Carter – Stifel Jeff Hammond – KeyBanc Capital Markets Ryan Merkel – William Blair Nigel Coe – Wolfe Research Nick Cash – Goldman Sachs Rob Wertheimer – Melius Research Rafe Jadorschic – Bank of America Operator Welcome to Hayward Holdings Third Quarter 2024 Earnings Call. My name is Jesse and I will be your operator for today’s call.
Is It Worth Investing in Hayward Holdings Inc (NYSE: HAYW) Right Now?
The price-to-earnings ratio for Hayward Holdings Inc (NYSE: HAYW) is above average at 37.10x. The 36-month beta value for HAYW is also noteworthy at 1.18. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for HAYW is 173.39M, and at present, short sellers hold a 6.26% of that float. The average trading volume of HAYW on November 20, 2024 was 1.85M shares.
HAYW’s Market Performance
HAYW’s stock has seen a 0.19% increase for the week, with a 3.98% rise in the past month and a 10.17% gain in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 2.94% for Hayward Holdings Inc The simple moving average for the last 20 days is 0.51% for HAYW stock, with a simple moving average of 12.46% for the last 200 days.
Analysts’ Opinion of HAYW
Many brokerage firms have already submitted their reports for HAYW stocks, with Jefferies repeating the rating for HAYW by listing it as a “Hold.” The predicted price for HAYW in the upcoming period, according to Jefferies is $14 based on the research report published on January 11, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see HAYW reach a price target of $13.50, previously predicting the price at $13. The rating they have provided for HAYW stocks is “Hold” according to the report published on December 20th, 2023.
Stifel gave a rating of “Buy” to HAYW, setting the target price at $16.50 in the report published on August 03rd of the previous year.
HAYW Trading at 4.75% from the 50-Day Moving Average
After a stumble in the market that brought HAYW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.57% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +4.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.90% upper at present.
During the last 5 trading sessions, HAYW rose by +0.19%, which changed the moving average for the period of 200-days by +30.57% in comparison to the 20-day moving average, which settled at $15.85. In addition, Hayward Holdings Inc saw 17.13% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HAYW starting from HOLLERAN KEVIN, who sale 100,000 shares at the price of $15.96 back on Nov 11 ’24. After this action, HOLLERAN KEVIN now owns 522,799 shares of Hayward Holdings Inc, valued at $1,596,170 using the latest closing price.
Jones Eifion, the Senior Vice President and CFO of Hayward Holdings Inc, sale 75,000 shares at $16.11 during a trade that took place back on Nov 08 ’24, which means that Jones Eifion is holding 258,903 shares at $1,207,875 based on the most recent closing price.
Stock Fundamentals for HAYW
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.48 for the gross margin
The net margin for Hayward Holdings Inc stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 7.16, with 3.29 for asset returns.
Based on Hayward Holdings Inc (HAYW), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 2.67.
Currently, EBITDA for the company is 241.5 million with net debt to EBITDA at 2.84. When we switch over and look at the enterprise to sales, we see a ratio of 4.13. The receivables turnover for the company is 8.99for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.62.
Conclusion
In summary, Hayward Holdings Inc (HAYW) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
