Eifion Jones Sells 52,541 Shares of Hayward Holdings, Inc. (NYSE:HAYW) Stock

Hayward Holdings, Inc. (NYSE:HAYW – Get Rating) CFO Eifion Jones sold 52,541 shares of the business’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $13.07, for a total value of $686,710.87. Following the completion of the transaction, the chief financial officer now directly owns 175,282 shares of the company’s stock, valued at $2,290,935.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hayward Stock Down 0.9 %

Hayward stock opened at $12.84 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.09 and a current ratio of 2.45. The business’s 50-day simple moving average is $10.18 and its two-hundred day simple moving average is $10.55. The company has a market cap of $2.71 billion, a PE ratio of 13.52 and a beta of 0.59. Hayward Holdings, Inc. has a fifty-two week low of $7.97 and a fifty-two week high of $20.13.

Hayward (NYSE:HAYW – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $245.27 million for the quarter, compared to the consensus estimate of $242.11 million. Hayward had a return on equity of 20.10% and a net margin of 16.13%. Equities analysts anticipate that Hayward Holdings, Inc. will post 0.98 EPS for the current year.

Analyst Upgrades and Downgrades

HAYW has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on Hayward in a research report on Monday, December 12th. They issued a “buy” rating and a $11.00 price target for the company. Morgan Stanley boosted their price target on Hayward from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, January 6th. The Goldman Sachs Group boosted their price target on Hayward from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Monday. Bank of America lowered Hayward from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $14.00 to $8.00 in a research report on Tuesday, October 18th. Finally, Jefferies Financial Group upgraded Hayward from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.50 to $15.00 in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.

Institutional Trading of Hayward

Large investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc grew its stake in Hayward by 918.8% during the 3rd quarter. Ensign Peak Advisors Inc now owns 3,260 shares of the company’s stock valued at $29,000 after purchasing an additional 2,940 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Hayward in the 3rd quarter valued at about $31,000. Quent Capital LLC acquired a new position in shares of Hayward in the 4th quarter valued at about $37,000. Foundations Investment Advisors LLC acquired a new position in shares of Hayward in the 3rd quarter valued at about $89,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Hayward in the 3rd quarter valued at about $91,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

About Hayward

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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 residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features.