Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran Sells 42,857 Shares

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total transaction of $571,712.38. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $6,974,138.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, April 1st, Kevin Holleran sold 61,429 shares of Hayward stock. The stock was sold at an average price of $15.14, for a total value of $930,035.06.

Hayward Stock Performance

HAYW traded down $0.08 during trading on Thursday, reaching $13.17. 919,547 shares of the company’s stock were exchanged, compared to its average volume of 1,352,983. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.02 and a quick ratio of 2.13. Hayward Holdings, Inc. has a 1 year low of $9.80 and a 1 year high of $16.04. The company’s fifty day simple moving average is $14.03 and its 200-day simple moving average is $12.98. The stock has a market capitalization of $2.82 billion, a P/E ratio of 36.50 and a beta of 1.22.

Hayward (NYSE:HAYW) last issued its earnings results on Thursday, February 29th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. Hayward had a net margin of 8.13% and a return on equity of 9.55%. The firm had revenue of $278.50 million during the quarter, compared to analysts’ expectations of $271.47 million. During the same quarter last year, the company posted $0.10 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hayward

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Sector Pension Investment Board acquired a new stake in Hayward during the third quarter worth about $2,202,000. WCM Investment Management LLC grew its stake in shares of Hayward by 11.2% during the 4th quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock worth $29,179,000 after purchasing an additional 214,991 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of Hayward during the 3rd quarter valued at approximately $1,177,000. Barclays PLC lifted its stake in shares of Hayward by 61.6% in the 3rd quarter. Barclays PLC now owns 128,810 shares of the company’s stock valued at $1,817,000 after purchasing an additional 49,110 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Hayward by 216.9% in the 3rd quarter. Rhumbline Advisers now owns 335,927 shares of the company’s stock valued at $4,737,000 after purchasing an additional 229,926 shares during the period.

Analysts Set New Price Targets

Several brokerages recently issued reports on HAYW. Jefferies Financial Group lowered Hayward from a “buy” rating to a “hold” rating and reduced their target price for the company from $15.00 to $14.00 in a research report on Thursday, January 11th. Stifel Nicolaus upped their price objective on shares of Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a report on Tuesday, March 5th. TheStreet upgraded shares of Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.