Hayward (NYSE:HAYW) Stock: Insider Susan Canning Sells 3,500 Shares

Hayward Holdings, Inc. (NYSE:HAYW) SVP Susan Canning sold 3,500 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $11.70, for a total transaction of $40,950.00. Following the sale, the senior vice president directly owned 164,411 shares in the company, valued at approximately $1,923,608.70. This represents a 2.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Trading Up 2.7%

HAYW opened at $12.09 on Wednesday. The company has a current ratio of 3.33, a quick ratio of 2.49 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.57 billion, a PE ratio of 16.34, a PEG ratio of 1.09 and a beta of 1.18. Hayward Holdings, Inc. has a 1-year low of $11.24 and a 1-year high of $17.73. The firm has a 50-day moving average price of $13.17 and a two-hundred day moving average price of $14.28.

Hayward (NYSE:HAYW) last announced its earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The company had revenue of $318.38 million for the quarter, compared to analyst estimates of $303.35 million. During the same period in the prior year, the business earned $0.24 earnings per share. Hayward’s quarterly revenue was up 6.3% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. As a group, equities analysts anticipate that Hayward Holdings, Inc. will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hayward

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Hayward in the 2nd quarter valued at $422,455,000. Reinhart Partners LLC. bought a new position in shares of Hayward in the 3rd quarter worth $38,607,000. Bank of America Corp DE acquired a new stake in shares of Hayward during the second quarter worth $33,306,000. Bank of New York Mellon Corp acquired a new stake in shares of Hayward during the second quarter worth $28,916,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Hayward during the second quarter worth $26,828,000.

Analyst Upgrades and Downgrades

HAYW has been the subject of several research analyst reports. Wolfe Research began coverage on shares of Hayward in a research report on Tuesday, September 15th. They issued a “peer perform” rating for the company. Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. The Goldman Sachs Group lowered their target price on Hayward from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Finally, Weiss Ratings downgraded Hayward from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 14th. 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.62.

Hayward Company Profile

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.