Insider Selling: Hayward (NYSE:HAYW) CEO Sells $827,500.00 in Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 50,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $16.55, for a total transaction of $827,500.00. Following the completion of the sale, the chief executive officer directly owned 401,234 shares in the company, valued at approximately $6,640,422.70. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Kevin Holleran sold 50,000 shares of Hayward stock. The shares were sold at an average price of $12.40, for a total transaction of $620,000.00.
• 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.

Hayward Price Performance

NYSE:HAYW opened at $16.34 on Friday. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.43 and a current ratio of 3.33. The stock has a fifty day moving average of $13.16 and a 200 day moving average of $14.57. Hayward Holdings, Inc. has a 52-week low of $11.24 and a 52-week high of $17.42.

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

Institutional Investors Weigh In On Hayward

Several institutional investors have recently modified their holdings of the business. Fifth Third Bancorp lifted its stake in shares of Hayward by 1.7% during the 3rd quarter. Fifth Third Bancorp now owns 44,511 shares of the company’s stock valued at $545,000 after buying an additional 726 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Hayward by 47.3% in the 3rd quarter. Maryland State Retirement & Pension System now owns 55,890 shares of the company’s stock worth $684,000 after purchasing an additional 17,949 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Hayward by 3.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 109,186 shares of the company’s stock valued at $1,336,000 after buying an additional 3,532 shares in the last quarter. Keybank National Association OH raised its position in shares of Hayward by 2.6% during the third quarter. Keybank National Association OH now owns 35,457 shares of the company’s stock valued at $434,000 after buying an additional 905 shares during the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Hayward in the third quarter worth $105,000.

Analyst Ratings Changes

Several research firms recently weighed in on HAYW. Zacks Research cut shares of Hayward from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Weiss Ratings lowered Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Wolfe Research initiated coverage on Hayward in a research report on Tuesday, September 15th. They set a “peer perform” rating for the company. Finally, The Goldman Sachs Group upped their price objective on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Two investment 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.12.

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.