Hayward (NYSE:HAYW) SVP Susan Canning Sells 2,500 Shares of Stock

Hayward Holdings, Inc. (NYSE:HAYW) SVP Susan Canning sold 2,500 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $16.72, for a total transaction of $41,800.00. Following the transaction, the senior vice president owned 157,411 shares in the company, valued at $2,631,911.92. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Price Performance

HAYW stock opened at $16.54 on Wednesday. The stock has a market capitalization of $3.45 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.13. The company’s 50-day moving average is $13.07 and its 200-day moving average is $14.58. 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 Holdings, Inc. has a 1 year low of $11.24 and a 1 year high of $17.42.

Hayward (NYSE:HAYW) last issued its 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. Hayward had a return on equity of 11.95% and a net margin of 14.35%. The company had revenue of $260.13 million during the quarter, compared to the consensus estimate of $251.80 million. During the same period last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts expect that Hayward Holdings, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Hayward in the 2nd quarter worth $422,455,000. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 761,145 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Hayward by 1.9% during the first quarter. Jennison Associates LLC now owns 4,798,842 shares of the company’s stock valued at $64,209,000 after purchasing an additional 90,733 shares in the last quarter. Reinhart Partners LLC. bought a new position in shares of Hayward during the third quarter valued at about $38,607,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Hayward by 25.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,975,392 shares of the company’s stock valued at $39,811,000 after purchasing an additional 605,743 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. 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 report on Tuesday, September 15th. They issued a “peer perform” rating for the company. Weiss Ratings downgraded shares of Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Finally, Zacks Research lowered shares of Hayward from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.12.

Hayward News Summary

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

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.