Hayward (NYSE:HAYW) CEO Sells 50,000 Shares of Stock

Key Points

• CEO Kevin Holleran sold 50,000 Hayward shares at an average price of $12.40, generating $620,000. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 401,234 shares.
• HAYW shares fell 4.1% to $11.80 and are trading near their 12-month low of $11.75, below both their 50-day and 200-day moving averages.
• Hayward exceeded quarterly earnings and revenue estimates, but analyst sentiment remains cautious: the stock has an average “Hold” rating and a consensus price target of $17.50.

Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) CEO Kevin Holleran sold 50,000 shares of the company's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $12.40, for a total transaction of $620,000.00. Following the completion of the sale, the chief executive officer owned 401,234 shares of the company's stock, valued at approximately $4,975,301.60. This represents a 11.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Kevin Holleran sold 50,000 shares of Hayward stock. The stock was sold at an average price of $13.85, for a total transaction of $692,500.00.
• On Monday, August 3rd, Kevin Holleran sold 50,000 shares of Hayward stock. The shares were sold at an average price of $15.31, for a total value of $765,500.00.

Hayward Stock Down 4.1%

HAYW traded down $0.51 during trading on Wednesday, reaching $11.80. 2,533,223 shares of the stock were exchanged, compared to its average volume of 2,538,176. The stock's 50 day moving average price is $13.96 and its two-hundred day moving average price is $14.41. Hayward Holdings, Inc. has a twelve month low of $11.75 and a twelve month high of $17.73. The stock has a market cap of $2.50 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $318.38 million for the quarter, compared to analyst estimates of $303.35 million. Hayward had a return on equity of 11.61% and a net margin of 13.83%.The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Equities analysts expect that Hayward Holdings, Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

HAYW has been the subject of several research reports. Wolfe Research began coverage on shares of Hayward in a research report on Tuesday, September 15th. They set a "peer perform" rating for the company. The Goldman Sachs Group reiterated a "neutral" rating on shares of Hayward in a research note on Wednesday, July 29th. Weiss Ratings cut Hayward from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, September 14th. Cantor Fitzgerald restated a "neutral" rating on shares of Hayward in a research note on Monday, July 6th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Hayward presently has an average rating of "Hold" and a consensus target price of $17.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Hayward during the fourth quarter worth approximately $39,000. Nykredit A S acquired a new stake in shares of Hayward during the 2nd quarter worth $42,000. Allworth Financial LP acquired a new stake in shares of Hayward during the 2nd quarter worth $47,000. Steph & Co. increased its position in shares of Hayward by 134.8% in the first quarter. Steph & Co. now owns 6,131 shares of the company's stock worth $82,000 after purchasing an additional 3,520 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Hayward by 33.6% in the second quarter. GAMMA Investing LLC now owns 4,760 shares of the company's stock worth $82,000 after purchasing an additional 1,198 shares during the period.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools and spas. Its products are intended to support water circulation, filtration, heating, cleaning, sanitation and overall pool management.

The company's product portfolio includes pumps, filters, heaters, heat pumps, salt-chlorination systems, automatic cleaners, lighting, valves, controls and connected pool-management technologies. Hayward sells products under the Hayward brand and through related product lines, serving pool builders, distributors, service professionals and homeowners.

Hayward serves customers in North America and international markets.

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