Insider Selling: Hayward Holdings, Inc. (NYSE:HAYW) CEO Sells 100,000 Shares of Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.96, for a total value of $1,596,000.00. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 3rd, Kevin Holleran sold 42,857 shares of Hayward stock. The shares were sold at an average price of $14.29, for a total value of $612,426.53.

Hayward Price Performance

NYSE:HAYW traded down $0.09 on Tuesday, hitting $15.90. The company had a trading volume of 1,885,394 shares, compared to its average volume of 1,500,496. Hayward Holdings, Inc. has a 52 week low of $10.72 and a 52 week high of $16.87. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $14.99 and a two-hundred day moving average of $14.18. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 38.07, a PEG ratio of 2.25 and a beta of 1.19.

Hayward (NYSE:HAYW) last posted its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. On average, research analysts anticipate that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Institutional Trading of Hayward

Several institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund Corp grew its holdings in Hayward by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 110,346 shares of the company’s stock valued at $1,689,000 after buying an additional 1,443 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Hayward by 10.6% in the first quarter. Illinois Municipal Retirement Fund now owns 76,395 shares of the company’s stock valued at $1,170,000 after purchasing an additional 7,333 shares during the last quarter. Swiss National Bank grew its stake in shares of Hayward by 0.6% during the first quarter. Swiss National Bank now owns 295,400 shares of the company’s stock worth $4,523,000 after acquiring an additional 1,900 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Hayward during the 1st quarter worth approximately $248,000. Finally, Vanguard Group Inc. raised its stake in Hayward by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock valued at $225,902,000 after purchasing an additional 51,488 shares during the last quarter.

Analyst Upgrades and Downgrades

HAYW has been the topic of a number of analyst reports. Robert W. Baird increased their target price on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research note on Monday, October 28th. KeyCorp boosted their target price on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted 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 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.80.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.