Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report) SVP Susan Canning sold 2,000 shares of Hayward stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $15.50, for a total value of $31,000.00. Following the transaction, the senior vice president directly owned 162,411 shares in the company, valued at approximately $2,517,370.50. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hayward Price Performance
Shares of HAYW opened at $16.54 on Wednesday. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.43 and a beta of 1.13. Hayward Holdings, Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $17.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.33 and a quick ratio of 2.43. The business’s 50-day moving average is $13.07 and its 200-day moving average is $14.58.
Hayward (NYSE:HAYW – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. Hayward had a net margin of 14.35% and a return on equity of 11.95%. The business had revenue of $260.13 million during the quarter, compared to analysts’ expectations of $251.80 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Hayward Holdings, Inc. will post 0.88 EPS for the current fiscal year.
More Hayward News
Here are the key news stories impacting Hayward this week:
- Neutral Sentiment: The CEO and SVP Susan Canning reported sales under Rule 10b5-1 plans, which are set up in advance and may not reflect a current view of the company. Both executives retained substantial shareholdings. CEO SEC filing
- Negative Sentiment: CEO Kevin Holleran sold 50,000 shares for about $827,500, reducing his ownership by 11.08%. Canning also reported several recent sales totaling 7,000 shares across the disclosed transactions. The volume of insider selling could concern investors, despite the planned nature of the trades. SVP SEC filing
Wall Street Analyst Weigh In
HAYW has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. Zacks Research cut shares of Hayward from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Weiss Ratings downgraded shares of Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Wolfe Research started coverage on Hayward in a report on Tuesday, September 15th. They set a “peer perform” rating for the company. Finally, KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.12.
View Our Latest Stock Report on HAYW
Institutional Investors Weigh In On Hayward
Large investors have recently made changes to their positions in the company. Salomon & Ludwin LLC increased its holdings in Hayward by 66.0% in the third quarter. Salomon & Ludwin LLC now owns 2,103 shares of the company’s stock worth $26,000 after buying an additional 836 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Hayward by 0.8% in the first quarter. Illinois Municipal Retirement Fund now owns 112,055 shares of the company’s stock valued at $1,499,000 after acquiring an additional 938 shares during the last quarter. GAMMA Investing LLC lifted its stake in Hayward by 33.6% in the second quarter. GAMMA Investing LLC now owns 4,760 shares of the company’s stock valued at $82,000 after acquiring an additional 1,198 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Hayward by 95.3% in the third quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company’s stock valued at $38,000 after acquiring an additional 1,529 shares during the last quarter. Finally, Choreo LLC grew its position in Hayward by 7.6% in the third quarter. Choreo LLC now owns 23,804 shares of the company’s stock worth $291,000 after acquiring an additional 1,682 shares in the last quarter.
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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