Kevin Holleran Sells 52,390 Shares of Hayward (NYSE:HAYW) Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 52,390 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $15.99, for a total value of $837,716.10. Following the sale, the chief executive officer owned 623,540 shares of the company’s stock, valued at approximately $9,970,404.60. This represents a 7.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value 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 value of $1,013,958.54.

Hayward Stock Performance

HAYW stock traded down $0.38 during trading hours on Wednesday, hitting $15.59. 1,292,281 shares of the stock were exchanged, compared to its average volume of 1,487,495. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $3.38 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.48 and a beta of 1.13. The company has a 50-day simple moving average of $16.01 and a two-hundred day simple moving average of $15.50. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $17.73.

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

Institutional Investors Weigh In On Hayward

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in shares of Hayward by 10,452.9% in the 3rd quarter. Covestor Ltd now owns 1,794 shares of the company’s stock valued at $27,000 after purchasing an additional 1,777 shares during the last quarter. GAMMA Investing LLC boosted its stake in Hayward by 82.4% in the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the company’s stock valued at $34,000 after buying an additional 986 shares in the last quarter. Steph & Co. bought a new position in Hayward in the third quarter valued at about $41,000. EverSource Wealth Advisors LLC raised its stake in Hayward by 149.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock worth $65,000 after acquiring an additional 2,814 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Hayward by 28.9% in the second quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company’s stock worth $91,000 after acquiring an additional 1,472 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HAYW. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a report on Monday, December 29th. Zacks Research lowered Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.00.

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.