Breaking Down the Numbers: IWB Aims for $398
ETF Analyst Target Price: The iShares Russell 1000 ETF (IWB) has an implied analyst target price of $398.48, indicating a potential upside of 10.26% from its current trading price of $361.40.
Notable Holdings with Upside: Key underlying holdings such as BILL Holdings Inc, Teradata Corp, and Hayward Holdings Inc show significant upside potential, with target prices exceeding their recent trading prices by 11.18% to 13.09%.
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- Legislative Impact: The bipartisan 21st Century ROAD to Housing Act, dubbed the most significant federal housing supply legislation since 1990, aims to boost new home demand by streamlining environmental reviews and restricting institutional purchases, despite the 30-year mortgage rate remaining high at 6.5%-6.8%.
- Builder Response: KB Home reported Q2 revenue of $1.11 billion, exceeding the $1.10 billion consensus, indicating robust demand for new construction despite affordability concerns, while the 10-year Treasury yield fell below 4.5%, aiding in lowering mortgage rates.
- Market Reaction: Home construction materials companies Simpson, Masco, and Hayward saw stock increases of 4.1%, 5.9%, and 5.5% respectively, reflecting a positive market response to the housing act, although Masco's lower volatility suggests a cautious but meaningful market perception.
- Investment Returns: Masco has risen 21.1% year-to-date, reaching a new 52-week high of $78.06, with a $1,000 investment five years ago now worth $1,355, demonstrating the company's strong market performance and investor confidence.
- Share Reduction Details: Cramer Rosenthal McGlynn disclosed a sale of 1,491,557 shares of Hayward Holdings in Q1 2026, valued at approximately $23.21 million, indicating a cautious outlook on the company's growth prospects.
- Value Decline: The position's quarter-end value decreased by $23.62 million due to both the share sale and price fluctuations, reflecting market concerns despite a 12% year-over-year sales increase in Q1.
- Performance Metrics: Hayward reported Q1 sales of $255.2 million, with net income soaring 63% to $23.4 million; however, its stock price has fallen about 5% over the past year, highlighting relative weakness in the market.
- Market Outlook: Management raised full-year guidance, noting that approximately 85% of revenue comes from the aftermarket, yet investors may seek clearer signs of accelerating demand before committing to significant stock purchases.

Share Sale Announcement: Kevin Holleran, an officer at Hayward Holdings (HAW.US), plans to sell 304,780 shares of the company's common stock on May 5, with an estimated market value of around $4.43 million.
Reduction in Holdings: Since March 2, 2026, Holleran has reduced his shareholding in Hayward Holdings by 104,780 shares, valued at approximately $1.53 million.
- Significant Sales Growth: Hayward Holdings reported net sales of $255 million in Q1, reflecting a 12% year-over-year increase that exceeded market expectations, indicating strong performance and sustained customer demand in the market.
- Enhanced Profitability: Adjusted EBITDA rose by 15% and adjusted diluted EPS increased by 30%, demonstrating the company's ability to improve profitability despite cost pressures, thereby boosting investor confidence.
- Improved Financial Leverage: Despite Q1 typically being a seasonally low cash flow quarter, Hayward reduced its net leverage from 2.8x to 2.4x, showcasing effective financial management and flexibility.
- Upgraded Full-Year Guidance: The company raised its 2026 net sales growth forecast from 4% to 5% and expects adjusted diluted EPS to range between $0.84 and $0.87, reflecting management's confidence in future market performance.
- Earnings Beat: Hayward Holdings reported a Q1 2026 non-GAAP EPS of $0.13, beating expectations by $0.02, indicating a sustained enhancement in profitability.
- Significant Revenue Growth: The company achieved revenues of $255.2 million in Q1, an 11.5% year-over-year increase, surpassing market expectations by $16.04 million, reflecting strong market performance and rising customer demand.
- Net Income Surge: Net income for Q1 rose 63% to $23.4 million, with net income margin increasing by 290 basis points to 9.2%, demonstrating effective strategies in cost control and profitability.
- Adjusted EBITDA Improvement: Adjusted EBITDA increased by 15% to $56.4 million, with adjusted EBITDA margin rising by 60 basis points to 22.1%, showcasing ongoing improvements in operational efficiency and profitability.
- Sales Revenue Growth: Hayward's net sales for Q1 FY 2026 increased by 12% year-over-year to $255.2 million, primarily driven by strong price realization and volume growth, underscoring the company's competitive position in the water management sector.
- Significant Net Income Increase: Net income surged by 63% to $23.4 million, with a net income margin rising to 9.2%, reflecting the company's success in cost control and operational efficiency, thereby enhancing shareholder value.
- Adjusted EBITDA Growth: Adjusted EBITDA rose by 15% year-over-year to $56.4 million, with an EBITDA margin increasing to 22.1%, indicating ongoing improvements in profitability and operational efficiency.
- Upgraded Full-Year Outlook: Based on a strong start, Hayward has raised its FY 2026 net sales growth forecast from 4% to approximately 5%, expecting adjusted diluted EPS to increase by 9% to 13%, demonstrating confidence in future growth.








