Key Points
- Hayward SVP Susan Canning sold 2,000 shares at an average price of $15.50, totaling $31,000. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving her with 162,411 shares.
- Hayward reported quarterly earnings of $0.18 per share, beating estimates by $0.03, while revenue rose 6.5% year over year to $260.13 million.
- Analyst sentiment remains cautious: the stock has an average “Hold” rating and a consensus price target of $17.12, with ratings ranging from Buy to Strong Sell.
Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) SVP Susan Canning sold 2,000 shares of Hayward stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $15.50, for a total transaction of $31,000.00. Following the transaction, the senior vice president directly owned 162,411 shares of the company's stock, valued at $2,517,370.50. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hayward Price Performance
Shares of Hayward stock opened at $16.73 on Tuesday. The company has a current ratio of 3.33, a quick ratio of 2.49 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 1.36 and a beta of 1.18. Hayward Holdings, Inc. has a 1-year low of $11.24 and a 1-year high of $17.42. The firm's 50-day moving average price is $13.03 and its two-hundred day moving average price is $14.58.
Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Hayward had a net margin of 14.35% and a return on equity of 11.95%. The company had revenue of $260.13 million during the quarter, compared to analyst estimates of $251.80 million. During the same quarter last year, the business posted $0.14 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Hayward Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on HAYW. Weiss Ratings cut Hayward from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 23rd. Wolfe Research initiated coverage on Hayward in a research note on Tuesday, September 15th. They issued a "peer perform" rating on the stock. KeyCorp reissued a "sector weight" rating on shares of Hayward in a research note on Monday, July 20th. The Goldman Sachs Group upped their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 28th. Finally, Zacks Research downgraded shares of Hayward from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $17.12.
Read Our Latest Stock Analysis on HAYW
Institutional Trading of Hayward
Hedge funds and other institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its holdings in Hayward by 66.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,103 shares of the company's stock worth $26,000 after buying an additional 836 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Hayward by 95.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company's stock valued at $38,000 after buying an additional 1,529 shares during the last quarter. Nykredit A S acquired a new stake in shares of Hayward in the 2nd quarter valued at $42,000. Allworth Financial LP acquired a new stake in shares of Hayward in the 2nd quarter valued at $47,000. Finally, IFP Advisors Inc increased its stake in shares of Hayward by 178.1% in the 3rd quarter. IFP Advisors Inc now owns 4,097 shares of the company's stock valued at $50,000 after buying an additional 2,624 shares during the period.
About Hayward
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
