Key Points
- Hayward CEO Kevin Holleran sold 52,389 shares on June 1 at an average price of $13.79, totaling about $722,444. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Holleran still owned 701,234 shares worth roughly $9.67 million, representing a 6.95% decrease in his ownership stake. He had also sold the same number of shares in April.
- Hayward recently reported better-than-expected quarterly results, with EPS of $0.13 versus $0.11 expected and revenue of $255.22 million, up 11.5% year over year. Despite the solid earnings, Wall Street’s consensus rating remains Hold with an average price target of $17.50.
Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) CEO Kevin Holleran sold 52,389 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $13.79, for a total transaction of $722,444.31. Following the transaction, the chief executive officer directly owned 701,234 shares of the company's stock, valued at approximately $9,670,016.86. This trade represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kevin Holleran also recently made the following trade(s):
- On Wednesday, April 1st, Kevin Holleran sold 52,389 shares of Hayward stock. The stock was sold at an average price of $13.42, for a total transaction of $703,060.38.
Hayward Trading Down 0.1%
Shares of HAYW opened at $14.00 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.26 and a quick ratio of 2.47. The firm has a 50 day simple moving average of $14.24 and a 200-day simple moving average of $15.31. Hayward Holdings, Inc. has a 1-year low of $12.93 and a 1-year high of $17.73. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.47 and a beta of 1.12.
Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. Hayward had a net margin of 13.98% and a return on equity of 11.45%. The business had revenue of $255.22 million during the quarter, compared to analysts' expectations of $239.13 million. During the same period last year, the company posted $0.10 EPS. The company's revenue was up 11.5% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Equities analysts forecast that Hayward Holdings, Inc. will post 0.86 EPS for the current fiscal year.
Institutional Trading of Hayward
Several hedge funds and other institutional investors have recently bought and sold shares of HAYW. Royal Bank of Canada grew its stake in Hayward by 36.2% in the 1st quarter. Royal Bank of Canada now owns 126,506 shares of the company's stock worth $1,760,000 after acquiring an additional 33,614 shares during the period. Millennium Management LLC grew its stake in shares of Hayward by 6.8% during the 1st quarter. Millennium Management LLC now owns 486,132 shares of the company's stock valued at $6,767,000 after buying an additional 30,763 shares during the period. Jane Street Group LLC grew its stake in shares of Hayward by 8.2% during the 1st quarter. Jane Street Group LLC now owns 38,064 shares of the company's stock valued at $530,000 after buying an additional 2,885 shares during the period. Invesco Ltd. grew its stake in shares of Hayward by 5.1% during the 2nd quarter. Invesco Ltd. now owns 3,061,859 shares of the company's stock valued at $42,254,000 after buying an additional 149,155 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Hayward by 149.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company's stock valued at $65,000 after buying an additional 2,814 shares during the period.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on HAYW shares. Stifel Nicolaus reissued a "buy" rating and set a $19.50 price objective (up from $19.00) on shares of Hayward in a research note on Thursday, February 26th. Weiss Ratings cut shares of Hayward from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 8th. Zacks Research cut shares of Hayward from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $15.00 target price (down from $16.00) on shares of Hayward in a research note on Tuesday, March 31st. Finally, Bank of America lowered their target price on shares of Hayward from $19.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Hayward currently has an average rating of "Hold" and a consensus target price of $17.50.
Read Our Latest Research Report on Hayward
Hayward Company Profile
(
Get Free Report)
Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward's offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.
Hayward's product portfolio is organized into several core categories.
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