There is no way Hayward Holdings Inc. (HAYW) can keep these numbers up

Hayward Holdings Inc. (NYSE: HAYW) stock jumped 3.52% on Thursday to $14.11 against a previous-day closing price of $13.63. With 2.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.03 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $14.27 whereas the lowest price it dropped to was $13.78. The 52-week range on HAYW shows that it touched its highest point at $15.22 and its lowest point at $7.97 during that stretch. It currently has a 1-year price target of $15.44. Beta for the stock currently stands at 1.03.

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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 up-trending over the past week, with a rise of 1.88%, but this was down by -0.49% over a month. Three-month performance surged to 27.12% while six-month performance rose 23.45%. The stock gained 33.11% in the past year, while it has gained 50.11% so far this year. A look at the trailing 12-month EPS for HAYW yields 0.35 with Next year EPS estimates of 0.74. For the next quarter, that number is 0.09. This implies an EPS growth rate of 32.50% for this year and 24.92% for next year.

Float and Shares Shorts:

At present, 212.86 million HAYW shares are outstanding with a float of 197.62 million shares on hand for trading. On Aug 30, 2023, short shares totaled 16.72 million, which was 7.85% higher than short shares on Jul 30, 2023. In addition to Mr. Kevin P. Holleran as the firm’s Pres, CEO & Director, Mr. Eifion S. Jones serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 112.56% of HAYW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.70% of HAYW, in contrast to 53.22% held by mutual funds. Shares owned by individuals account for 41.65%. As the largest shareholder in HAYW with 33.57% of the stake, MSD Partners LP holds 71,538,085 shares worth 71,538,085. A second-largest stockholder of HAYW, Fidelity Management & Research Co, holds 20,703,892 shares, controlling over 9.72% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in HAYW, holding 11,512,227 shares or 5.40% stake. With a 4.08% stake in HAYW, the Fidelity Low Priced Stock Fund is the largest stakeholder. A total of 8,697,347 shares are owned by the mutual fund manager. The Fidelity Small Cap Value Fund, which owns about 2.86% of HAYW stock, is the second-largest Mutual Fund holder. It holds 6,098,460 shares valued at 81.48 million. JPMorgan Small Cap Equity Fund holds 2.41% of the stake in HAYW, owning 5,134,998 shares worth 68.6 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 30, 2023, HAYW reported revenue of $399.44M and operating income of $107.69M. The EBITDA in the recently reported quarter was $117.73M and diluted EPS was $0.29.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HAYW since 0 analysts follow the stock currently. 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 $19.00 and a low target of $11.00, the average target price over the next 12 months is $15.50. Based on these targets, HAYW could surge 34.66% to reach the target high and fall by -22.04% to reach the target low. Reaching the average price target will result in a growth of 9.85% 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.

Summary of Insider Activity:

Insiders traded HAYW stock several times over the past three months with 12 Buys and 8 Sells. In these transactions, 175,791 shares were bought while 231,129 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 546,254 while 37,928,998 shares were sold.

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