Insider Selling: Hayward (NYSE:HAYW) CEO Sells 60,571 Shares of Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction on Friday, December 5th. The shares were sold at an average price of $16.13, for a total transaction of $977,010.23. Following the completion of the sale, the chief executive officer directly owned 623,540 shares in the company, valued at $10,057,700.20. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value of $1,013,958.54.
• On Wednesday, October 1st, Kevin Holleran sold 60,571 shares of Hayward stock. The shares were sold at an average price of $15.16, for a total transaction of $918,256.36.

Hayward Trading Down 1.1%

NYSE:HAYW traded down $0.17 on Tuesday, hitting $15.68. The stock had a trading volume of 973,797 shares, compared to its average volume of 1,998,280. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $17.73. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.69 and a beta of 1.12. The company has a fifty day moving average price of $15.79 and a two-hundred day moving average price of $15.21. The company has a quick ratio of 2.31, a current ratio of 3.18 and a debt-to-equity ratio of 0.62.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Hayward had a return on equity of 11.24% and a net margin of 12.54%.The business had revenue of $244.34 million for the quarter, compared to analyst estimates of $231.46 million. During the same quarter in the prior year, the company posted $0.11 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hayward

Institutional investors have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in shares of Hayward by 4.0% during the first quarter. Northern Trust Corp now owns 1,758,987 shares of the company’s stock valued at $24,485,000 after acquiring an additional 67,218 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Hayward by 48.6% in the 1st quarter. Raymond James Financial Inc. now owns 1,142,307 shares of the company’s stock worth $15,901,000 after acquiring an additional 373,668 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Hayward in the 2nd quarter valued at about $330,000. Invesco Ltd. boosted its stake in Hayward by 4.8% during the 1st quarter. Invesco Ltd. now owns 2,912,704 shares of the company’s stock valued at $40,545,000 after purchasing an additional 134,609 shares during the period. Finally, Vanguard Group Inc. grew its position in Hayward by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company’s stock worth $278,155,000 after purchasing an additional 677,373 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HAYW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a report on Monday. Zacks Research raised shares of Hayward from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Stifel Nicolaus increased their price objective on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

About Hayward

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 pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.