Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report) SVP Susan Canning sold 2,500 shares of Hayward stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $16.72, for a total transaction of $41,800.00. Following the sale, the senior vice president owned 157,411 shares of the company’s stock, valued at $2,631,911.92. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 $16.34 on Friday. 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 company’s fifty day moving average price is $13.16 and its 200-day moving average price is $14.57. Hayward Holdings, Inc. has a 1-year low of $11.24 and a 1-year high of $17.42. The firm has a market capitalization of $3.41 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.45 and a beta of 1.13.
Hayward (NYSE:HAYW – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Hayward had a net margin of 14.35% and a return on equity of 11.95%. The company had revenue of $260.13 million during the quarter, compared to the consensus estimate of $251.80 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Hayward Holdings, Inc. will post 0.88 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on HAYW shares. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Weiss Ratings lowered shares of Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Wolfe Research began coverage on shares of Hayward in a research report on Tuesday, September 15th. They issued a “peer perform” rating for the company. Zacks Research downgraded shares of Hayward from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Finally, The Goldman Sachs Group raised 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. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.12.
Get Our Latest Stock Report on HAYW
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Hayward during the 2nd quarter worth $422,455,000. Dimensional Fund Advisors LP boosted its stake in Hayward by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,453,736 shares of the company’s stock valued at $99,726,000 after buying an additional 761,145 shares in the last quarter. Jennison Associates LLC grew its position in Hayward by 1.9% in the first quarter. Jennison Associates LLC now owns 4,798,842 shares of the company’s stock valued at $64,209,000 after acquiring an additional 90,733 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Hayward by 25.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,975,392 shares of the company’s stock valued at $39,811,000 after acquiring an additional 605,743 shares during the last quarter. Finally, Reinhart Partners LLC. bought a new position in Hayward in the third quarter valued at about $38,607,000.
Hayward Company Profile
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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