Hayward (NYSE:HAYW) Stock: Insider Susan Canning Sells 2,000 Shares

Hayward Holdings, Inc. (NYSE:HAYW) SVP Susan Canning sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $15.50, for a total transaction of $31,000.00. Following the completion of the sale, the senior vice president owned 162,411 shares of the company’s stock, valued at approximately $2,517,370.50. The trade was a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Stock Performance

HAYW traded up $0.61 during trading on Monday, reaching $16.73. The company’s stock had a trading volume of 6,675,486 shares, compared to its average volume of 2,687,149. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.43 and a current ratio of 3.33. The company’s fifty day moving average price is $12.99 and its 200-day moving average price is $14.57. Hayward Holdings, Inc. has a 52-week low of $11.24 and a 52-week high of $17.42. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $260.13 million during the quarter, compared to analysts’ expectations of $251.80 million. Hayward had a return on equity of 11.95% and a net margin of 14.35%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. On average, equities analysts forecast that Hayward Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hayward

Several hedge funds and other institutional investors have recently bought and sold shares of HAYW. BlackRock Inc. acquired a new position in Hayward during the second quarter worth $422,455,000. Dimensional Fund Advisors LP increased its position in shares of Hayward by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,453,736 shares of the company’s stock valued at $99,726,000 after buying an additional 761,145 shares in the last quarter. Jennison Associates LLC increased its position in shares of Hayward by 1.9% in the first quarter. Jennison Associates LLC now owns 4,798,842 shares of the company’s stock valued at $64,209,000 after buying an additional 90,733 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Hayward by 25.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,975,392 shares of the company’s stock worth $39,811,000 after buying an additional 605,743 shares during the last quarter. Finally, Reinhart Partners LLC. purchased a new stake in shares of Hayward in the 3rd quarter worth about $38,607,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research downgraded Hayward from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Hayward in a research note on Monday, July 6th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Wolfe Research assumed coverage on shares of Hayward in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.12.

About Hayward

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.