Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report) CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $16.55, for a total value of $827,500.00. Following the sale, the chief executive officer directly owned 401,234 shares of the company’s stock, valued at approximately $6,640,422.70. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kevin Holleran also recently made the following trade(s):
- On Monday, October 5th, Kevin Holleran sold 50,000 shares of Hayward stock. The stock was sold at an average price of $12.40, for a total value of $620,000.00.
- On Tuesday, September 1st, Kevin Holleran sold 50,000 shares of Hayward stock. The stock was sold at an average price of $13.85, for a total value of $692,500.00.
Hayward Trading Down 1.6%
Shares of Hayward stock traded down $0.27 during trading hours on Tuesday, reaching $16.54. The stock had a trading volume of 5,176,345 shares, compared to its average volume of 2,698,946. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.36 and a beta of 1.18. Hayward Holdings, Inc. has a 1 year low of $11.24 and a 1 year high of $17.42. The company has a current ratio of 3.33, a quick ratio of 2.49 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $13.03 and a two-hundred day simple moving average of $14.58.
Hayward (NYSE:HAYW – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $260.13 million during the quarter, compared to analysts’ expectations of $251.80 million. Hayward had a return on equity of 11.95% and a net margin of 14.35%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. As a group, equities research analysts anticipate that Hayward Holdings, Inc. will post 0.88 earnings per share for the current year.
Institutional Trading of Hayward
Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc acquired a new position in shares of Hayward in the second quarter worth about $8,358,000. Squarepoint Ops LLC purchased a new position in Hayward in the second quarter valued at about $4,693,000. Jupiter Topco LLC acquired a new stake in Hayward during the 2nd quarter valued at approximately $1,761,000. BlackRock Inc. acquired a new stake in Hayward during the 2nd quarter valued at approximately $422,455,000. Finally, Bank of America Corp DE purchased a new stake in Hayward during the 2nd quarter worth approximately $33,306,000.
Wall Street Analysts Forecast Growth
HAYW has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Zacks Research downgraded shares of Hayward from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Cantor Fitzgerald restated a “neutral” rating on shares of Hayward in a report on Monday, July 6th. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Finally, Weiss Ratings cut shares of Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.12.
Read Our Latest Analysis on HAYW
About Hayward
Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic pool cleaners, lighting, sanitization systems, water features and pool-control and automation solutions.
The company sells products under the Hayward brand and serves pool owners, builders, retailers, distributors and service professionals. Its equipment is used in both new pool construction and the replacement and renovation market, with an emphasis on energy efficiency, water quality and connected pool-management technologies.
Hayward traces its roots to 1925 and has developed into a global pool-equipment supplier.
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