Key Points
- CEO Kevin Holleran sold 60,571 shares on December 5 at an average price of $16.13 for about $977,010, reducing his stake by 8.85% to 623,540 shares.
- Hayward recently beat Q3 EPS and revenue estimates and opened down about 1.1% at $15.68; the company has a $3.4 billion market cap and a P/E of 25.29, with analysts holding a consensus "Moderate Buy" and an average price target of $18.00.
Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction on Friday, December 5th. The stock was sold at an average price of $16.13, for a total transaction of $977,010.23. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $10,057,700.20. The trade was a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Kevin Holleran also recently made the following trade(s):
- On Monday, November 3rd, Kevin Holleran sold 60,571 shares of Hayward stock. The stock was sold at an average price of $16.74, for a total value of $1,013,958.54.
- On Wednesday, October 1st, Kevin Holleran sold 60,571 shares of Hayward stock. The shares were sold at an average price of $15.16, for a total value of $918,256.36.
Hayward Stock Down 1.1%
Shares of NYSE HAYW opened at $15.68 on Wednesday. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $15.80 and a 200-day moving average of $15.22. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.66 and a beta of 1.12. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $17.73.
Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $244.34 million for the quarter, compared to analyst estimates of $231.46 million. Hayward had a net margin of 12.54% and a return on equity of 11.24%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
HAYW has been the subject of a number of research reports. Zacks Research upgraded Hayward from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 22nd. Stifel Nicolaus boosted their target price on Hayward from $17.50 to $18.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Hayward in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.00.
Get Our Latest Analysis on HAYW
Institutional Investors Weigh In On Hayward
A number of hedge funds and other institutional investors have recently modified their holdings of HAYW. JPMorgan Chase & Co. grew its position in Hayward by 29.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,683,580 shares of the company's stock worth $176,656,000 after acquiring an additional 2,627,348 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of Hayward by 63.0% during the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company's stock valued at $93,402,000 after purchasing an additional 2,592,926 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Hayward in the third quarter worth approximately $37,846,000. William Blair Investment Management LLC purchased a new position in shares of Hayward in the third quarter worth $30,402,000. Finally, Gotham Asset Management LLC raised its holdings in Hayward by 499.7% during the 3rd quarter. Gotham Asset Management LLC now owns 1,947,137 shares of the company's stock valued at $29,441,000 after buying an additional 1,622,458 shares during the last quarter.
About Hayward
(
Get Free Report)
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.
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