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

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 shares were sold at an average price of $16.00, for a total value of $40,000.00. Following the completion of the sale, the senior vice president owned 159,911 shares of the company’s stock, valued at approximately $2,558,576. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Trading Down 1.6%

Shares of NYSE:HAYW opened at $16.54 on Wednesday. The business’s 50 day simple moving average is $13.07 and its 200 day simple moving average is $14.58. Hayward Holdings, Inc. has a 1 year low of $11.24 and a 1 year 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. The company 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.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm 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 in the previous year, the firm earned $0.14 EPS. On average, research analysts anticipate that Hayward Holdings, Inc. will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Hayward

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Hayward during the 2nd quarter worth about $422,455,000. Reinhart Partners LLC. acquired a new stake in shares of Hayward in the third quarter valued at about $38,607,000. Bank of America Corp DE acquired a new stake in shares of Hayward in the second quarter valued at about $33,306,000. Bank of New York Mellon Corp acquired a new stake in shares of Hayward in the second quarter valued at about $28,916,000. Finally, William Blair Investment Management LLC bought a new position in shares of Hayward during the second quarter worth about $26,828,000.

Key Headlines Impacting Hayward

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

Analyst Ratings Changes

HAYW has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Weiss Ratings cut Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Wolfe Research began coverage on Hayward in a research note on Tuesday, September 15th. They set a “peer perform” rating for the company. Finally, Zacks Research cut shares of Hayward from a “hold” rating to a “strong sell” rating in a report 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. Based on data from MarketBeat, Hayward presently has an average rating of “Hold” and a consensus target price of $17.12.

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.