Hayward (NYSE:HAYW) Sets New 1-Year Low Following Insider Selling

Hayward Holdings, Inc. (NYSE:HAYW)’s share price hit a new 52-week low during trading on Wednesday after an insider sold shares in the company. The company traded as low as $11.99 and last traded at $11.8770, with a volume of 84156 shares. The stock had previously closed at $12.31.

Specifically, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Monday, October 5th. The stock was sold at an average price of $12.40, for a total transaction of $620,000.00. Following the completion of the transaction, the chief executive officer owned 401,234 shares of the company’s stock, valued at $4,975,301.60. The trade was a 11.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

HAYW has been the subject of several recent research reports. Wolfe Research initiated coverage on shares of Hayward in a report on Tuesday, September 15th. They set a “peer perform” rating for the company. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Hayward in a research note on Wednesday, July 29th. Cantor Fitzgerald reissued a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. Finally, Weiss Ratings downgraded Hayward from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Hayward currently has an average rating of “Hold” and an average target price of $17.50.

Hayward Trading Down 2.7%

The company has a market cap of $2.43 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. The business has a 50 day simple moving average of $13.81 and a two-hundred day simple moving average of $14.39. The company has a current ratio of 3.33, a quick ratio of 2.49 and a debt-to-equity ratio of 0.59.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $318.38 million during the quarter, compared to the consensus estimate of $303.35 million. Hayward had a return on equity of 11.61% and a net margin of 13.83%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. On average, analysts forecast that Hayward Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Institutional Trading of Hayward

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAYW. BlackRock Inc. purchased a new stake in Hayward in the second quarter valued at approximately $422,455,000. Dimensional Fund Advisors LP raised its stake in Hayward by 11.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,453,736 shares of the company’s stock worth $99,726,000 after purchasing an additional 761,145 shares during the period. Jennison Associates LLC boosted its holdings in shares of Hayward by 1.9% in the 1st 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Hayward by 25.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,975,392 shares of the company’s stock valued at $39,811,000 after buying an additional 605,743 shares during the period. Finally, Focus Partners Wealth increased its holdings in shares of Hayward by 17,180.8% during the 4th quarter. Focus Partners Wealth now owns 2,576,737 shares of the company’s stock worth $39,811,000 after buying an additional 2,561,826 shares during the last quarter.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools and spas. Its products are intended to support water circulation, filtration, heating, cleaning, sanitation and overall pool management.

The company’s product portfolio includes pumps, filters, heaters, heat pumps, salt-chlorination systems, automatic cleaners, lighting, valves, controls and connected pool-management technologies. Hayward sells products under the Hayward brand and through related product lines, serving pool builders, distributors, service professionals and homeowners.

Hayward serves customers in North America and international markets.