In the past three months, a diverse group of four analysts has shared their evaluations of Hayward Holdings (HAYW), providing a range of outlooks from somewhat bullish to indifferent. Surprisingly, none of the analysts have expressed outright bullish or bearish sentiments. In the past 30 days, there was one indifferent rating, which reflects a cautious stance among analysts in recent times. Notably, this assessment aligns with previous months, maintaining a consistent outlook.
Analysts have also put forth 12-month price targets for Hayward Holdings, with an average target of $16.38, a high estimate of $19.00, and a low of $15.00. This represents an 8.33% increase from the previous average price target of $15.12. Key analysts from major firms have adjusted their ratings and price targets in response to changes in market dynamics and the company's performance. For example, W. Andrew Carter from Stifel has incrementally raised the hold price target from $14.00 to $16.00 over time. Similarly, Michael Halloran from Baird has increased his neutral price target from $16.00 to $19.00.
Such actions illustrate analysts adapting their recommendations to provide insights into Hayward Holdings' current standing. When analyzing equities, analysts assign ratings such as 'Outperform' or 'Underperform' to indicate their expectations for a stock relative to the market. Price targets suggest where analysts predict a stock's value might head, reflecting their evolving expectations and providing key signals for investors. Understanding these elements, along with other financial indicators, helps to form a comprehensive understanding of a company’s market position.
Hayward Holdings, a leading manufacturer of energy-efficient pool equipment, offers a wide array of products, including pumps, filters, heaters, and pool automation systems. With its headquarters in Charlotte, North Carolina, the company employs about 2,000 people and reported approximately $1.0 billion in revenue for 2023. Let's delve into the financials of Hayward Holdings. The company's market capitalization lags behind industry averages, reflecting a smaller scale compared to its peers.
Despite this, the company demonstrated significant growth in recent months, recording a revenue growth rate of 0.3% by June 30, 2024, though this falls short of industry averages. Additionally, Hayward Holdings boasts a strong net margin of 13.21%, showcasing efficient cost management and profitability. However, its return on equity (ROE) and return on assets (ROA) are below industry benchmarks, suggesting potential challenges in capital and asset utilization. With a debt-to-equity ratio of 0.73, the company maintains a balanced approach to financing, which could be attractive to investors.
Analyst ratings stem from extensive research, including reviewing financial statements and attending meetings. Though they provide valuable insights, these ratings are to be regarded as subjective analyses shaped by individual perspectives, subject to variability. Keeping abreast of such evaluations, alongside other market indicators, can enable more informed investment decisions.
