Hayward (NYSE:HAYW) SVP Sells $40,000.00 in Stock

Hayward Holdings, Inc. (NYSE:HAYW) SVP Susan Canning sold 2,500 shares of Hayward stock in a transaction on Friday, October 30th. The stock was sold at an average price of $16.00, for a total value of $40,000.00. Following the transaction, the senior vice president directly owned 159,911 shares of the company’s stock, valued at $2,558,576. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Price Performance

Shares of Hayward stock traded up $0.61 on Monday, hitting $16.73. The company’s stock had a trading volume of 6,675,486 shares, compared to its average volume of 2,687,149. The company has a market capitalization of $3.49 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. Hayward Holdings, Inc. has a 52-week low of $11.24 and a 52-week high of $17.42. The firm has a fifty day moving average price of $12.99 and a 200-day moving average price of $14.57. The company has a quick ratio of 2.43, a current ratio of 3.33 and a debt-to-equity ratio of 0.60.

Hayward (NYSE:HAYW) last posted its earnings results on Wednesday, October 28th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm had revenue of $260.13 million during the quarter, compared to the consensus estimate of $251.80 million. Hayward had a net margin of 14.35% and a return on equity of 11.95%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. On average, equities research analysts expect that Hayward Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. Weiss Ratings cut Hayward from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Zacks Research downgraded Hayward from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. KeyCorp reissued a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Finally, Wolfe Research began coverage on Hayward in a research report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.12.

Institutional Investors Weigh In On Hayward

A number of hedge funds and other institutional investors have recently modified their holdings of HAYW. Chicago Partners Investment Group LLC acquired a new position in shares of Hayward in the third quarter valued at approximately $131,000. Oregon Public Employees Retirement Fund boosted its position in Hayward by 4.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 47,572 shares of the company’s stock worth $582,000 after acquiring an additional 2,200 shares during the last quarter. ARGA Investment Management LP acquired a new stake in Hayward during the third quarter worth approximately $409,000. Salomon & Ludwin LLC grew its stake in Hayward by 66.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,103 shares of the company’s stock worth $26,000 after acquiring an additional 836 shares during the period. Finally, State of Wyoming purchased a new stake in Hayward in the 3rd quarter worth approximately $62,000.

About Hayward

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic pool cleaners, lighting, sanitization systems, water features and pool-control and automation solutions.

The company sells products under the Hayward brand and serves pool owners, builders, retailers, distributors and service professionals. Its equipment is used in both new pool construction and the replacement and renovation market, with an emphasis on energy efficiency, water quality and connected pool-management technologies.

Hayward traces its roots to 1925 and has developed into a global pool-equipment supplier.