Insider Selling: Hayward (NYSE:HAYW) SVP Sells $40,000.00 in Stock

Hayward Holdings, Inc. (NYSE:HAYW) SVP Susan Canning sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $16.00, for a total value of $40,000.00. Following the transaction, the senior vice president directly owned 159,911 shares in the company, valued at $2,558,576. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Stock Up 2.8%

HAYW opened at $16.96 on Thursday. Hayward Holdings, Inc. has a 1-year low of $11.24 and a 1-year high of $17.42. The stock’s fifty day simple moving average is $13.12 and its 200 day simple moving average is $14.58. The company has a current ratio of 3.33, a quick ratio of 2.43 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.54 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.13.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.18 earnings per share (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 business had revenue of $260.13 million during the quarter, compared to the consensus estimate of $251.80 million. During the same quarter last year, the firm posted $0.14 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

HAYW has been the subject of several research analyst reports. Zacks Research downgraded shares of Hayward from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Weiss Ratings downgraded Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research report 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 report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group increased their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.12.

Trending Headlines about Hayward

Here are the key news stories impacting Hayward this week:

• Positive Sentiment: Hayward’s latest reported quarter showed EPS of $0.18 versus the $0.15 consensus and revenue of $260.1 million versus $251.8 million expected. Revenue grew 6.5% year over year, offering a supportive business-performance signal.
• Negative Sentiment: CEO Kevin Holleran sold 50,000 shares for about $827,500, reducing his direct holdings by 11.08%. SVP Susan Canning also sold 2,500 shares; a separate recent report noted another 2,000-share sale. The transactions were made under pre-arranged Rule 10b5-1 plans, which makes them less direct evidence of executives’ current outlook, but the CEO sale could concern investors. Insider sales report

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HAYW. Keybank National Association OH lifted its stake in Hayward by 2.6% during the third quarter. Keybank National Association OH now owns 35,457 shares of the company’s stock worth $434,000 after purchasing an additional 905 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Hayward during the 3rd quarter worth $105,000. Alps Advisors Inc. acquired a new position in shares of Hayward during the 3rd quarter worth $552,000. Chicago Partners Investment Group LLC bought a new stake in shares of Hayward during the 3rd quarter worth $131,000. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Hayward by 4.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 47,572 shares of the company’s stock worth $582,000 after buying an additional 2,200 shares during the last quarter.

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.