Donald Matthew Smith Sells 25,000 Shares of Hayward Holdings, Inc. (NYSE:HAYW) Stock

Hayward Holdings, Inc. (NYSE:HAYW) SVP Donald Matthew Smith sold 25,000 shares of Hayward stock in a transaction on Monday, October 11th. The shares were sold at an average price of $22.33, for a total transaction of $558,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Donald Matthew Smith also recently made the following trade(s):

  • On Friday, October 8th, Donald Matthew Smith sold 45,000 shares of Hayward stock. The shares were sold at an average price of $22.08, for a total transaction of $993,600.00.

HAYW opened at $21.66 on Thursday. The stock has a 50-day moving average price of $21.66 and a 200-day moving average price of $22.03. The company has a quick ratio of 1.73, a current ratio of 2.38 and a debt-to-equity ratio of 0.77. Hayward Holdings, Inc. has a 1 year low of $15.61 and a 1 year high of $26.82.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Sunday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $364.40 million during the quarter, compared to analysts’ expectations of $346.70 million. As a group, equities research analysts expect that Hayward Holdings, Inc. will post 1.83 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its position in shares of Hayward by 290.7% in the 2nd quarter. Morgan Stanley now owns 133,533 shares of the company’s stock worth $3,475,000 after purchasing an additional 99,358 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Hayward by 1,545.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 275,930 shares of the company’s stock worth $7,041,000 after purchasing an additional 259,160 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Hayward by 7.3% in the 2nd quarter. Wells Fargo & Company MN now owns 75,939 shares of the company’s stock worth $1,976,000 after purchasing an additional 5,149 shares during the last quarter. Woodline Partners LP raised its position in Hayward by 2.8% in the 2nd quarter. Woodline Partners LP now owns 272,746 shares of the company’s stock worth $7,097,000 after buying an additional 7,489 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in Hayward in the 2nd quarter worth about $670,000. 52.99% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of Hayward from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 3rd. Zacks Investment Research lowered Hayward from a “buy” rating to a “hold” rating in a research report on Wednesday, October 6th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Hayward currently has a consensus rating of “Buy” and a consensus target price of $25.25.

Hayward Company Profile

Hayward Holdings, Inc operates as a designer, manufacturer, and marketer of various pool equipment and associated automation systems. The company offers a range of pool equipment, including pumps, filters, heaters, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

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