Hayward (NYSE:HAYW) Stock: Insider Kevin Holleran Sells 50,000 Shares

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $16.55, for a total transaction of $827,500.00. Following the transaction, the chief executive officer owned 401,234 shares in the company, valued at approximately $6,640,422.70. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $692,500.00.

Hayward Trading Up 2.8%

NYSE:HAYW opened at $16.96 on Thursday. Hayward Holdings, Inc. has a 52 week low of $11.24 and a 52 week high of $17.42. The firm has a 50-day moving average price of $13.12 and a two-hundred day moving average price of $14.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.43 and a current ratio of 3.33. The firm has a market cap of $3.54 billion, a price-to-earnings 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 earnings results on Wednesday, October 28th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $260.13 million for the quarter, compared to the consensus estimate of $251.80 million. Hayward had a return on equity of 11.95% and a net margin of 14.35%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. On average, equities analysts expect that Hayward Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Hayward

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

Key Headlines Impacting 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

Wall Street Analysts Forecast Growth

HAYW has been the topic of several research analyst reports. The Goldman Sachs Group boosted 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. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research report on Monday, July 20th. Wolfe Research assumed coverage on Hayward in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. Zacks Research cut Hayward from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Finally, Weiss Ratings downgraded shares of Hayward from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hayward currently 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.