Hayward Holdings, Inc. (NYSE:HAYW) CEO Sells $860,108.20 in Stock

Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $14.20, for a total transaction of $860,108.20. Following the completion of the transaction, the chief executive officer owned 623,540 shares of the company's stock, valued at $8,854,268. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, May 5th, Kevin Holleran sold 50,000 shares of Hayward stock. The shares were sold at an average price of $14.06, for a total transaction of $703,000.00.

Hayward Stock Up 1.7%

Shares of NYSE:HAYW traded up $0.24 during trading on Tuesday, reaching $14.36. 139,874 shares of the stock traded hands, compared to its average volume of 1,842,797. The stock has a 50-day moving average of $13.98 and a two-hundred day moving average of $14.04. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.84 and a current ratio of 2.63. The stock has a market cap of $3.11 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Hayward had a net margin of 11.53% and a return on equity of 10.94%. The firm had revenue of $228.84 million for the quarter, compared to analysts' expectations of $216.37 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hayward

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its holdings in Hayward by 767.8% in the fourth quarter. Deutsche Bank AG now owns 89,346 shares of the company's stock worth $1,366,000 after purchasing an additional 79,050 shares during the last quarter. Jane Street Group LLC purchased a new stake in Hayward in the fourth quarter worth approximately $538,000. MSD Partners L.P. boosted its holdings in Hayward by 3.1% in the fourth quarter. MSD Partners L.P. now owns 1,346,472 shares of the company's stock worth $20,588,000 after purchasing an additional 41,078 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Hayward by 494.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 168,201 shares of the company's stock worth $2,572,000 after purchasing an additional 139,896 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Hayward in the fourth quarter worth approximately $6,963,000.

Wall Street Analyst Weigh In

Separately, Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Hayward has a consensus rating of "Hold" and a consensus target price of $17.13.

Hayward Company Profile

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.