Kevin Holleran Sells 52,390 Shares of Hayward (NYSE:HAYW) Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 52,390 shares of Hayward stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $15.99, for a total value of $837,716.10. Following the transaction, the chief executive officer owned 623,540 shares of the company’s stock, valued at $9,970,404.60. This represents a 7.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, December 5th, Kevin Holleran sold 60,571 shares of Hayward stock. The shares were sold at an average price of $16.13, for a total value of $977,010.23.
• On Monday, November 3rd, Kevin Holleran sold 60,571 shares of Hayward stock. The shares were sold at an average price of $16.74, for a total value of $1,013,958.54.

Hayward Trading Up 3.1%

Shares of HAYW stock opened at $16.07 on Friday. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $17.73. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.45 and a beta of 1.13. The firm has a 50-day moving average price of $15.95 and a 200 day moving average price of $15.51. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $244.34 million during the quarter, compared to the consensus estimate of $231.46 million. Hayward had a net margin of 12.54% and a return on equity of 11.24%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. Research analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hayward

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Hayward by 5.4% in the third quarter. Vanguard Group Inc. now owns 20,827,605 shares of the company’s stock valued at $314,913,000 after buying an additional 1,074,072 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Hayward by 29.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,683,580 shares of the company’s stock valued at $176,656,000 after acquiring an additional 2,627,348 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Hayward by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 7,546,816 shares of the company’s stock valued at $114,108,000 after acquiring an additional 627,866 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Hayward by 4.1% during the third quarter. Victory Capital Management Inc. now owns 6,830,474 shares of the company’s stock worth $103,277,000 after purchasing an additional 271,402 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Hayward by 3.3% in the third quarter. American Century Companies Inc. now owns 6,650,091 shares of the company’s stock worth $100,549,000 after purchasing an additional 211,075 shares during the period.

Analysts Set New Price Targets

HAYW has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a report on Monday, December 29th. Zacks Research lowered shares of Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hayward currently has an average rating of “Hold” and an average price target of $18.00.

About Hayward

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.