Hayward (NYSE:HAYW) CEO Kevin Holleran Sells 50,000 Shares of Company Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $16.55, for a total transaction of $827,500.00. Following the completion of the sale, the chief executive officer owned 401,234 shares of the company’s stock, valued at $6,640,422.70. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Kevin Holleran sold 50,000 shares of Hayward stock. The stock was sold at an average price of $12.40, for a total transaction of $620,000.00.
• On Tuesday, September 1st, Kevin Holleran sold 50,000 shares of Hayward stock. The shares were sold at an average price of $13.85, for a total value of $692,500.00.

Hayward Price Performance

Shares of NYSE:HAYW opened at $16.54 on Wednesday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.43 and a beta of 1.13. The business has a 50-day moving average of $13.07 and a two-hundred day moving average of $14.58. Hayward Holdings, Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $17.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.33 and a quick ratio of 2.43.

Hayward (NYSE:HAYW) last issued 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 return on equity of 11.95% and a net margin of 14.35%. The business had revenue of $260.13 million for the quarter, compared to analyst estimates of $251.80 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Hayward Holdings, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HAYW has been the topic of a number of recent analyst reports. Weiss Ratings lowered Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research report on Monday, July 20th. Wolfe Research started coverage on Hayward in a research report on Tuesday, September 15th. They issued a “peer perform” rating for the company. The Goldman Sachs Group lifted their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Finally, Zacks Research lowered shares of Hayward from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 purchasing an additional 836 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Hayward by 0.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 112,055 shares of the company’s stock worth $1,499,000 after purchasing an additional 938 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Hayward by 33.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,760 shares of the company’s stock valued at $82,000 after purchasing an additional 1,198 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Hayward by 95.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company’s stock valued at $38,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Choreo LLC lifted its holdings in Hayward by 7.6% during the 3rd quarter. Choreo LLC now owns 23,804 shares of the company’s stock valued at $291,000 after purchasing an additional 1,682 shares during the last quarter.

More Hayward News

Here are the key news stories impacting Hayward this week:

• Neutral Sentiment: The CEO and SVP Susan Canning reported sales under Rule 10b5-1 plans, which are set up in advance and may not reflect a current view of the company. Both executives retained substantial shareholdings. CEO SEC filing
• Negative Sentiment: CEO Kevin Holleran sold 50,000 shares for about $827,500, reducing his ownership by 11.08%. Canning also reported several recent sales totaling 7,000 shares across the disclosed transactions. The volume of insider selling could concern investors, despite the planned nature of the trades. SVP SEC filing

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.