Hayward Holdings Inc. (NYSE: HAYW) stock fell -4.83% on Friday to $11.43 against a previous-day closing price of $12.01. With 1.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.65 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $11.94 whereas the lowest price it dropped to was $11.24. The 52-week range on HAYW shows that it touched its highest point at $28.65 and its lowest point at $10.48 during that stretch. It currently has a 1-year price target of $15.89.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HAYW was down-trending over the past week, with a drop of -1.21%, but this was down by -18.42% over a month. Three-month performance dropped to -17.59% while six-month performance fell -39.33%. The stock lost -48.14% in the past year, while it has lost -56.42% so far this year. A look at the trailing 12-month EPS for HAYW yields 1.06 with Next year EPS estimates of 1.06. For the next quarter, that number is 0.18. This implies an EPS growth rate of 215.10% for this year and -7.11% for next year.
Float and Shares Shorts:
At present, 218.40 million HAYW shares are outstanding with a float of 196.85 million shares on hand for trading. On Jul 14, 2022, short shares totaled 13.14 million, which was 6.01% higher than short shares on Jun 14, 2022. In addition to Mr. Kevin P. Holleran as the firm’s Pres, CEO & Director, Mr. Eifion S. Jones serves as its Sr. VP & CFO.
Through their ownership of 107.24% of HAYW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.44% of HAYW, in contrast to 24.93% held by mutual funds. Shares owned by individuals account for 20.31%. As the largest shareholder in HAYW with 11.36% of the stake, Alberta Investment Management Cor holds 25,728,572 shares worth 25,728,572. A second-largest stockholder of HAYW, Neuberger Berman Investment Advis, holds 7,573,673 shares, controlling over 3.34% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in HAYW, holding 7,197,926 shares or 3.18% stake. With a 2.25% stake in HAYW, the Neuberger Berman Genesis Fund is the largest stakeholder. A total of 5,091,785 shares are owned by the mutual fund manager. The JPMorgan Small Cap Equity Fund, which owns about 1.58% of HAYW stock, is the second-largest Mutual Fund holder. It holds 3,575,927 shares valued at 51.46 million. Vanguard Total Stock Market Index holds 1.33% of the stake in HAYW, owning 3,015,971 shares worth 43.4 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HAYW since 11 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HAYW analysts setting a high price target of $23.00 and a low target of $12.00, the average target price over the next 12 months is $15.00. Based on these targets, HAYW could surge 101.22% to reach the target high and rise by 4.99% to reach the target low. Reaching the average price target will result in a growth of 31.23% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HAYW will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of $1.29 being high and $0.99 being low. For HAYW, this leads to a yearly average estimate of $1.09. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Hayward Holdings Inc. surprised analysts by $0.00 when it reported $0.35 EPS against a consensus estimate of $0.35. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.28 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.16.
Summary of Insider Activity:
Insiders traded HAYW stock several times over the past three months with 12 Buys and 15 Sells. In these transactions, 526,044 shares were bought while 3,731,544 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 68 over the past year. The total number of shares bought during that period was 1,648,736 while 29,096,002 shares were sold.