Hayward (NYSE:HAYW) CEO Sells $620,000.00 in Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $12.40, for a total transaction of $620,000.00. Following the sale, the chief executive officer owned 401,234 shares of the company’s stock, valued at $4,975,301.60. This represents a 11.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Kevin Holleran sold 50,000 shares of Hayward stock. The shares were sold at an average price of $13.85, for a total transaction of $692,500.00.
• On Monday, August 3rd, Kevin Holleran sold 50,000 shares of Hayward stock. The stock was sold at an average price of $15.31, for a total transaction of $765,500.00.

Hayward Price Performance

Shares of NYSE:HAYW opened at $11.35 on Friday. Hayward Holdings, Inc. has a 12 month low of $11.27 and a 12 month high of $17.73. The firm has a market capitalization of $2.41 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.33 and a quick ratio of 2.49. The company’s fifty day moving average price is $13.74 and its 200 day moving average price is $14.36.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $318.38 million during the quarter, compared to the consensus estimate of $303.35 million. Hayward had a net margin of 13.83% and a return on equity of 11.61%. Hayward’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. As a group, sell-side analysts predict that Hayward Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on HAYW. Wolfe Research initiated coverage on Hayward in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. The Goldman Sachs Group decreased their price objective on Hayward from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Friday. KeyCorp restated a “sector weight” rating on shares of Hayward in a research report on Monday, July 20th. Weiss Ratings cut shares of Hayward from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Hayward presently has an average rating of “Hold” and a consensus price target of $16.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Hayward during the second quarter worth $422,455,000. Reinhart Partners LLC. purchased a new position in Hayward during the third quarter worth about $38,607,000. Focus Partners Wealth increased its position in Hayward by 17,180.8% during the 4th quarter. Focus Partners Wealth now owns 2,576,737 shares of the company’s stock worth $39,811,000 after purchasing an additional 2,561,826 shares during the period. Bank of America Corp DE purchased a new position in shares of Hayward during the 2nd quarter worth approximately $33,306,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Hayward during the 2nd quarter worth approximately $28,916,000.

About Hayward

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools and spas. Its products are intended to support water circulation, filtration, heating, cleaning, sanitation and overall pool management.

The company’s product portfolio includes pumps, filters, heaters, heat pumps, salt-chlorination systems, automatic cleaners, lighting, valves, controls and connected pool-management technologies. Hayward sells products under the Hayward brand and through related product lines, serving pool builders, distributors, service professionals and homeowners.

Hayward serves customers in North America and international markets.