Hayward Holdings, Inc. (NYSE:HAYW) CEO Sells $584,140.91 in Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $13.63, for a total transaction of $584,140.91. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $7,125,750.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, July 2nd, Kevin Holleran sold 42,857 shares of Hayward stock. The shares were sold at an average price of $12.13, for a total value of $519,855.41.
• On Wednesday, June 5th, Kevin Holleran sold 42,857 shares of Hayward stock. The shares were sold at an average price of $13.96, for a total value of $598,283.72.

Hayward Trading Up 0.9 %

NYSE HAYW traded up $0.12 during trading hours on Tuesday, hitting $13.98. 1,689,282 shares of the company’s stock were exchanged, compared to its average volume of 1,375,812. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.34 and a current ratio of 2.59. The firm has a market capitalization of $3.00 billion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. The business’s 50 day moving average is $13.19 and its 200-day moving average is $13.62. Hayward Holdings, Inc. has a 12-month low of $9.80 and a 12-month high of $16.04.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $284.39 million during the quarter, compared to analyst estimates of $282.60 million. Hayward had a net margin of 9.06% and a return on equity of 9.66%. Hayward’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, analysts anticipate that Hayward Holdings, Inc. will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Hayward

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Hayward during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC boosted its position in Hayward by 178.5% during the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock worth $41,000 after purchasing an additional 1,714 shares during the period. nVerses Capital LLC acquired a new stake in Hayward in the 2nd quarter valued at $64,000. Moody National Bank Trust Division purchased a new position in Hayward in the first quarter valued at about $164,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Hayward during the fourth quarter worth about $173,000.

Analysts Set New Price Targets

HAYW has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their target price on Hayward from $14.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. KeyCorp dropped their price objective on Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Robert W. Baird increased their price objective on shares of Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group cut their target price on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.40.

Hayward Company Profile

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.