Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran Sells 61,429 Shares of Stock

Hayward Holdings, Inc. (NYSE:HAYWGet Free Report) CEO Kevin Holleran sold 61,429 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $15.14, for a total transaction of $930,035.06. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,915,176.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hayward Stock Performance

Hayward stock opened at $14.80 on Thursday. The company has a quick ratio of 2.13, a current ratio of 3.02 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.17 billion, a PE ratio of 41.11 and a beta of 1.22. The firm has a fifty day simple moving average of $13.75 and a two-hundred day simple moving average of $12.97. Hayward Holdings, Inc. has a twelve month low of $9.80 and a twelve month high of $16.04.

Hayward (NYSE:HAYWGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. Hayward had a net margin of 8.13% and a return on equity of 9.55%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Research analysts expect that Hayward Holdings, Inc. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HAYW shares. Jefferies Financial Group lowered shares of Hayward from a “buy” rating to a “hold” rating and reduced their price target for the company from $15.00 to $14.00 in a research report on Thursday, January 11th. TheStreet upgraded shares of Hayward from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Stifel Nicolaus upped their target price on shares of Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group upped their target price on shares of Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Hayward presently has a consensus rating of “Hold” and a consensus price target of $14.70.

Read Our Latest Stock Analysis on Hayward

Institutional Trading of Hayward

Several hedge funds have recently added to or reduced their stakes in the business. Confluence Investment Management LLC bought a new position in shares of Hayward during the first quarter valued at about $3,606,000. Quadrature Capital Ltd bought a new position in shares of Hayward during the fourth quarter valued at about $179,000. PNC Financial Services Group Inc. raised its stake in shares of Hayward by 24.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,691 shares of the company’s stock valued at $227,000 after acquiring an additional 3,253 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Hayward by 8.6% during the fourth quarter. Vanguard Group Inc. now owns 14,703,702 shares of the company’s stock valued at $199,970,000 after acquiring an additional 1,166,717 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Hayward by 24.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock valued at $34,363,000 after acquiring an additional 491,971 shares during the last quarter.

About Hayward

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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.

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