Hayward (NYSE:HAYW) SVP Sells $41,800.00 in Stock

Hayward Holdings, Inc. (NYSE:HAYW) SVP Susan Canning sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $16.72, for a total value of $41,800.00. Following the transaction, the senior vice president directly owned 157,411 shares of the company’s stock, valued at approximately $2,631,911.92. This trade represents a 1.56% 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 Stock Performance

Shares of NYSE:HAYW traded down $0.27 on Tuesday, reaching $16.54. 5,176,346 shares of the company’s stock were exchanged, compared to its average volume of 2,698,946. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.36 and a beta of 1.18. The company has a fifty day moving average of $13.03 and a 200-day moving average of $14.58. Hayward Holdings, Inc. has a twelve month low of $11.24 and a twelve month high of $17.42. The company has a current ratio of 3.33, a quick ratio of 2.49 and a debt-to-equity ratio of 0.60.

Hayward (NYSE:HAYW) last posted its quarterly 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 business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, research analysts predict that Hayward Holdings, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Zacks Research cut Hayward from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. The Goldman Sachs Group upped their price target on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. Weiss Ratings downgraded Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Wolfe Research started coverage on Hayward in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.12.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. acquired a new position in shares of Hayward in the third quarter worth about $552,000. Chicago Partners Investment Group LLC bought a new stake in shares of Hayward during the 3rd quarter worth about $131,000. Oregon Public Employees Retirement Fund raised its position in shares of Hayward by 4.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 47,572 shares of the company’s stock valued at $582,000 after purchasing an additional 2,200 shares during the period. ARGA Investment Management LP acquired a new position in Hayward during the 3rd quarter worth $409,000. Finally, Salomon & Ludwin LLC grew its position in shares of Hayward by 66.0% in the third quarter. Salomon & Ludwin LLC now owns 2,103 shares of the company’s stock valued at $26,000 after purchasing an additional 836 shares during the last quarter.

Key Stories Impacting Hayward

Here are the key news stories impacting Hayward this week:

• Positive Sentiment: Hayward’s latest reported quarter beat expectations: earnings were $0.18 per share versus the $0.15 consensus, and revenue of $260.13 million topped estimates of $251.80 million. Revenue grew 6.5% year over year. Hayward stock information
• Negative Sentiment: CEO Kevin Holleran sold 50,000 shares for $827,500, reducing his holdings by 11.08% to 401,234 shares. SVP Susan Canning also reported multiple recent sales, including 2,500 shares on November 2. Insider selling can concern investors, though both executives’ transactions were conducted under pre-arranged Rule 10b5-1 plans. CEO SEC filing SVP SEC filing

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.