Hayward (NYSE:HAYW) CEO Sells $837,716.10 in Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 52,390 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $15.99, for a total transaction of $837,716.10. Following the sale, the chief executive officer owned 623,540 shares in the company, valued at $9,970,404.60. The trade was a 7.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, December 5th, Kevin Holleran sold 60,571 shares of Hayward stock. The stock was sold at an average price of $16.13, for a total transaction of $977,010.23.
• On Monday, November 3rd, Kevin Holleran sold 60,571 shares of Hayward stock. The shares were sold at an average price of $16.74, for a total transaction of $1,013,958.54.

Hayward Stock Up 2.5%

NYSE HAYW opened at $16.47 on Friday. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $17.73. The business has a fifty day moving average price of $15.94 and a two-hundred day moving average price of $15.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.18 and a quick ratio of 2.31. The stock has a market capitalization of $3.57 billion, a PE ratio of 26.56, a PEG ratio of 1.50 and a beta of 1.13.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Wednesday, October 29th. 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 $244.34 million for the quarter, compared to analyst estimates of $231.46 million. Hayward had a return on equity of 11.24% and a net margin of 12.54%.Hayward’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. Equities analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HAYW has been the topic of a number of recent research reports. Zacks Research lowered Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.00.

Institutional Trading of Hayward

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Hayward by 5.4% during the 3rd quarter. Vanguard Group Inc. now owns 20,827,605 shares of the company’s stock valued at $314,913,000 after acquiring an additional 1,074,072 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Hayward by 29.0% during the third quarter. JPMorgan Chase & Co. now owns 11,683,580 shares of the company’s stock valued at $176,656,000 after purchasing an additional 2,627,348 shares during the period. Wellington Management Group LLP boosted its position in shares of Hayward by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 7,546,816 shares of the company’s stock worth $114,108,000 after purchasing an additional 627,866 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Hayward by 4.1% in the 3rd quarter. Victory Capital Management Inc. now owns 6,830,474 shares of the company’s stock valued at $103,277,000 after buying an additional 271,402 shares during the period. Finally, American Century Companies Inc. raised its stake in Hayward by 3.3% during the 3rd quarter. American Century Companies Inc. now owns 6,650,091 shares of the company’s stock worth $100,549,000 after buying an additional 211,075 shares during the period.

Hayward Company Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.