Insider Selling: Hayward Holdings, Inc. (NYSE:HAYW) CEO Sells 50,000 Shares of Stock

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. Following the transaction, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $7,806,720.80. The trade was a 7.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kevin Holleran also recently made the following trade(s):

• On Monday, February 3rd, Kevin Holleran sold 50,000 shares of Hayward stock. The shares were sold at an average price of $14.52, for a total value of $726,000.00.

Hayward Price Performance

Shares of HAYW stock opened at $12.21 on Friday. Hayward Holdings, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.87 and a beta of 1.14. The stock’s 50-day simple moving average is $14.30 and its 200-day simple moving average is $15.04.

Hayward (NYSE:HAYW) last released its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $327.08 million for the quarter, compared to the consensus estimate of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. As a group, equities analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HAYW shares. Robert W. Baird upped their price objective on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Wednesday, February 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Finally, Wolfe Research cut shares of Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.13.

Hedge Funds Weigh In On Hayward

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Hayward by 22.8% during the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock valued at $295,174,000 after purchasing an additional 3,589,352 shares during the last quarter. Michael & Susan Dell Foundation boosted its position in Hayward by 247.6% in the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company’s stock valued at $137,373,000 after buying an additional 6,400,000 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Hayward by 385.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock worth $128,942,000 after buying an additional 6,696,170 shares during the period. American Century Companies Inc. raised its position in Hayward by 31.2% during the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company’s stock worth $93,416,000 after buying an additional 1,453,282 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Hayward by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company’s stock valued at $74,520,000 after acquiring an additional 392,695 shares during the period.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.