Insider Selling: Hayward Holdings, Inc. (NYSE:HAYW) CEO Sells 42,857 Shares of Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $14.36, for a total value of $615,426.52. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,507,393.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kevin Holleran also recently made the following trade(s):

• On Wednesday, April 17th, Kevin Holleran sold 42,857 shares of Hayward stock. The shares were sold at an average price of $13.34, for a total value of $571,712.38.
• On Monday, April 1st, Kevin Holleran sold 61,429 shares of Hayward stock. The shares were sold at an average price of $15.14, for a total transaction of $930,035.06.

Hayward Trading Up 0.3 %

Shares of NYSE:HAYW traded up $0.05 on Tuesday, reaching $14.46. 1,016,966 shares of the company traded hands, compared to its average volume of 1,374,414. The stock has a market capitalization of $3.11 billion, a P/E ratio of 40.08, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business’s 50-day simple moving average is $14.16 and its 200 day simple moving average is $13.02. The company has a current ratio of 3.37, a quick ratio of 2.34 and a debt-to-equity ratio of 0.82. Hayward Holdings, Inc. has a 52 week low of $9.80 and a 52 week high of $16.04.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The business had revenue of $278.50 million for the quarter, compared to analysts’ expectations of $271.47 million. During the same period in the previous year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Hayward Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Hayward

Hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund Corp increased its holdings in Hayward by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 110,346 shares of the company’s stock valued at $1,689,000 after purchasing an additional 1,443 shares during the period. Principal Financial Group Inc. increased its stake in shares of Hayward by 0.3% during the first quarter. Principal Financial Group Inc. now owns 651,265 shares of the company’s stock valued at $9,971,000 after buying an additional 1,661 shares during the period. GAMMA Investing LLC raised its holdings in shares of Hayward by 178.5% during the first quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock valued at $41,000 after acquiring an additional 1,714 shares in the last quarter. Swiss National Bank boosted its holdings in Hayward by 0.6% in the first quarter. Swiss National Bank now owns 295,400 shares of the company’s stock valued at $4,523,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in Hayward by 12.0% during the 3rd quarter. Park Avenue Securities LLC now owns 19,488 shares of the company’s stock valued at $275,000 after purchasing an additional 2,084 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Hayward from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $14.00 in a report on Thursday, January 11th. TheStreet raised Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Stifel Nicolaus increased their price objective on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group raised their price objective on Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Hayward currently has an average rating of “Hold” and a consensus price target of $14.70.

About Hayward

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.