Insider Selling: Hayward (NYSE:HAYW) SVP Sells $40,000.00 in Stock

Key Points

• Hayward SVP Susan Canning sold 2,500 shares at $16.00 each, totaling $40,000 and reducing her stake by 1.54%. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan.
• Hayward shares rose to $16.73, near the company’s 52-week high of $17.42. The company recently reported quarterly EPS of $0.18, beating estimates, while revenue increased 6.5% year over year to $260.13 million.
• Analysts maintain a consensus “Hold” rating, with an average price target of $17.12; ratings include two Buys, six Holds, and one Sell.

Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) SVP Susan Canning sold 2,500 shares of Hayward stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $16.00, for a total transaction of $40,000.00. Following the completion of the sale, the senior vice president directly owned 159,911 shares in the company, valued at approximately $2,558,576. The trade was a 1.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Stock Performance

Shares of Hayward stock traded up $0.61 on Monday, reaching $16.73. 6,675,486 shares of the stock were exchanged, compared to its average volume of 2,687,149. Hayward Holdings, Inc. has a 1-year low of $11.24 and a 1-year high of $17.42. The company has a current ratio of 3.33, a quick ratio of 2.43 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average price of $12.99 and a two-hundred day moving average price of $14.57. The firm has a market capitalization of $3.49 billion, a PE ratio of 21.44, a PEG ratio of 1.37 and a beta of 1.13.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.03. Hayward had a net margin of 14.35% and a return on equity of 11.95%. The firm had revenue of $260.13 million during the quarter, compared to the consensus estimate of $251.80 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Hayward Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HAYW shares. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a report on Monday, July 20th. Cantor Fitzgerald reissued a "neutral" rating on shares of Hayward in a report on Monday, July 6th. Zacks Research lowered shares of Hayward from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. Wolfe Research began coverage on shares of Hayward in a research report on Tuesday, September 15th. They set a "peer perform" rating on the stock. Finally, Weiss Ratings cut shares of Hayward from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 23rd. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $17.12.

Institutional Investors Weigh In On Hayward

Hedge funds and other institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC grew its holdings in shares of Hayward by 66.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,103 shares of the company's stock worth $26,000 after acquiring an additional 836 shares during the period. Nykredit A S purchased a new position in Hayward in the 2nd quarter valued at approximately $42,000. Allworth Financial LP purchased a new position in Hayward in the 2nd quarter valued at approximately $47,000. Farther Finance Advisors LLC raised its holdings in Hayward by 95.3% during the third quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company's stock worth $38,000 after purchasing an additional 1,529 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Hayward by 178.1% during the third quarter. IFP Advisors Inc now owns 4,097 shares of the company's stock worth $50,000 after purchasing an additional 2,624 shares during the last quarter.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic pool cleaners, lighting, sanitization systems, water features and pool-control and automation solutions.

The company sells products under the Hayward brand and serves pool owners, builders, retailers, distributors and service professionals. Its equipment is used in both new pool construction and the replacement and renovation market, with an emphasis on energy efficiency, water quality and connected pool-management technologies.

Hayward traces its roots to 1925 and has developed into a global pool-equipment supplier.

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