Kevin Holleran Sells 42,857 Shares of Hayward Holdings, Inc. (NYSE:HAYW) Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $14.36, for a total transaction of $615,426.52. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,507,393.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, April 17th, Kevin Holleran sold 42,857 shares of Hayward stock. The stock was sold at an average price of $13.34, for a total transaction of $571,712.38.
• On Monday, April 1st, Kevin Holleran sold 61,429 shares of Hayward stock. The shares were sold at an average price of $15.14, for a total transaction of $930,035.06.

Hayward Stock Performance

NYSE HAYW opened at $14.51 on Thursday. The company has a fifty day simple moving average of $14.22 and a 200 day simple moving average of $13.05. Hayward Holdings, Inc. has a 12-month low of $9.80 and a 12-month high of $16.04. The company has a current ratio of 3.37, a quick ratio of 2.34 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.12 billion, a P/E ratio of 40.31, a PEG ratio of 1.92 and a beta of 1.25.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Hayward had a net margin of 8.25% and a return on equity of 9.46%. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. During the same quarter last year, the firm posted $0.10 EPS. Hayward’s revenue was up 7.5% compared to the same quarter last year. Sell-side analysts predict that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TheStreet upgraded shares of Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Jefferies Financial Group lowered shares of Hayward from a “buy” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $14.00 in a research note on Thursday, January 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.70.

Hedge Funds Weigh In On Hayward

A number of hedge funds have recently bought and sold shares of HAYW. Pacer Advisors Inc. purchased a new position in Hayward during the 4th quarter worth $37,000. GAMMA Investing LLC boosted its holdings in Hayward by 178.5% during the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock worth $41,000 after acquiring an additional 1,714 shares during the last quarter. Numerai GP LLC purchased a new position in Hayward during the 3rd quarter worth $146,000. Teacher Retirement System of Texas purchased a new position in Hayward during the 3rd quarter worth $161,000. Finally, Moody National Bank Trust Division purchased a new position in Hayward during the 1st quarter worth $164,000.

About Hayward

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.