Insider Selling: Hayward Holdings, Inc. (NYSE:HAYW) CFO Sells $1,951,558.89 in Stock

Hayward Holdings, Inc. (NYSE:HAYW – Get Rating) CFO Eifion Jones sold 140,501 shares of Hayward stock in a transaction on Friday, June 17th. The stock was sold at an average price of $13.89, for a total transaction of $1,951,558.89. Following the sale, the chief financial officer now directly owns 175,282 shares in the company, valued at approximately $2,434,666.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of HAYW opened at $14.84 on Friday. The firm has a market cap of $3.36 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 8.90 and a beta of 0.99. Hayward Holdings, Inc. has a 12-month low of $13.21 and a 12-month high of $28.65. The company’s 50-day moving average price is $15.18 and its 200 day moving average price is $18.26. The company has a current ratio of 2.37, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

Hayward (NYSE:HAYW – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $410.46 million for the quarter, compared to analyst estimates of $379.01 million. Hayward had a net margin of 16.30% and a return on equity of 21.48%. Hayward’s revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.38) EPS. Equities research analysts forecast that Hayward Holdings, Inc. will post 1.27 earnings per share for the current year.

HAYW has been the topic of several recent research reports. Morgan Stanley lowered their target price on shares of Hayward from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 31st. Credit Suisse Group initiated coverage on Hayward in a report on Tuesday, April 5th. They set an “outperform” rating and a $21.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Hayward in a report on Thursday, April 28th. The Goldman Sachs Group reduced their price target on Hayward from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 13th. Finally, KeyCorp reduced their price target on Hayward from $26.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, April 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Hayward presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CNA Financial Corp raised its holdings in Hayward by 1.9% in the 4th quarter. CNA Financial Corp now owns 45,106 shares of the company’s stock valued at $1,183,000 after buying an additional 840 shares during the period. Raymond James & Associates increased its stake in Hayward by 4.5% during the fourth quarter. Raymond James & Associates now owns 29,861 shares of the company’s stock worth $783,000 after purchasing an additional 1,297 shares during the period. Signaturefd LLC purchased a new stake in Hayward during the fourth quarter worth about $39,000. Advisor Group Holdings Inc. increased its stake in Hayward by 16.7% during the first quarter. Advisor Group Holdings Inc. now owns 12,876 shares of the company’s stock worth $212,000 after purchasing an additional 1,844 shares during the period. Finally, Renaissance Capital LLC increased its stake in Hayward by 10.0% during the fourth quarter. Renaissance Capital LLC now owns 20,225 shares of the company’s stock worth $531,000 after purchasing an additional 1,845 shares during the period. Hedge funds and other institutional investors own 90.96% of the company’s stock.

Hayward Company Profile (Get Rating)

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 a range of pool equipment, including pumps, filters, robotic, suction and pressure cleaners, heaters, water features and landscape lighting, salt chlorine generators, safety equipment, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

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