Hayward (NYSE:HAYW) SVP Sells $40,950.00 in Stock

Key Points

• Hayward SVP Susan Canning sold 3,500 shares at an average price of $11.70, worth $40,950, reducing her holdings by 2.08% to 164,411 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• HAYW shares recently traded near $11.75, close to their 52-week low of $11.24 and below the 50-day and 200-day moving averages. The stock has a market capitalization of approximately $2.49 billion.
• Hayward exceeded quarterly earnings and revenue expectations, reporting $0.26 EPS and $318.38 million in revenue, while analysts maintain an overall Hold rating with an average price target of $16.62.

Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) SVP Susan Canning sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $11.70, for a total value of $40,950.00. Following the transaction, the senior vice president owned 164,411 shares of the company's stock, valued at $1,923,608.70. This represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Price Performance

HAYW stock traded down $0.08 during trading on Monday, hitting $11.75. 2,553,646 shares of the company's stock traded hands, compared to its average volume of 2,573,754. Hayward Holdings, Inc. has a 52 week low of $11.24 and a 52 week high of $17.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33. The business has a fifty day simple moving average of $13.32 and a 200 day simple moving average of $14.30. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 1.10 and a beta of 1.18.

Hayward (NYSE:HAYW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $318.38 million during the quarter, compared to analysts' expectations of $303.35 million. Hayward had a return on equity of 11.61% and a net margin of 13.83%. During the same quarter in the previous year, the business earned $0.24 EPS. The company's quarterly revenue was up 6.3% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Hayward

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in Hayward by 178.1% during the 3rd quarter. IFP Advisors Inc now owns 4,097 shares of the company's stock valued at $50,000 after purchasing an additional 2,624 shares during the period. PineStone Asset Management Inc. raised its holdings in shares of Hayward by 17.2% in the 3rd quarter. PineStone Asset Management Inc. now owns 76,868 shares of the company's stock valued at $941,000 after purchasing an additional 11,300 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of Hayward by 11.1% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,921 shares of the company's stock worth $244,000 after purchasing an additional 1,983 shares during the period. Reinhart Partners LLC. purchased a new stake in shares of Hayward in the 3rd quarter worth approximately $38,607,000. Finally, Diversified Management Inc. purchased a new stake in shares of Hayward in the 3rd quarter worth approximately $2,024,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HAYW. Wolfe Research started coverage on Hayward in a report on Tuesday, September 15th. They set a "peer perform" rating for the company. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research report on Monday, July 20th. The Goldman Sachs Group reduced their target price on Hayward from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, October 9th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Hayward in a research report on Monday, July 6th. Finally, Weiss Ratings downgraded Hayward from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, September 14th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Hayward has an average rating of "Hold" and an average target price of $16.62.

About Hayward

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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