Key Points
- CEO Kevin Holleran sold 50,000 shares for $827,500 at an average price of $16.55 under a pre-arranged Rule 10b5-1 plan. He retained 401,234 shares; the sale reduced his ownership by 11.08%.
- Hayward reported quarterly EPS of $0.18, above the $0.15 consensus estimate, while revenue of $260.13 million beat expectations and rose 6.5% year over year.
- Analysts’ consensus rating is Hold, with an average price target of $17.12; ratings include two Buys, six Holds, and one Sell.
Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report) SVP Susan Canning sold 2,500 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $16.72, for a total value of $41,800.00. Following the completion of the transaction, the senior vice president owned 157,411 shares in the company, valued at $2,631,911.92. The trade was a 1.56% decrease in their position. The sale was disclosed in a legal 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.
Hayward Stock Performance
HAYW stock opened at $16.54 on Wednesday. The firm has a market cap of $3.45 billion, a PE ratio of 21.21, a P/E/G ratio of 1.43 and a beta of 1.13. The company has a quick ratio of 2.43, a current ratio of 3.33 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average of $13.07 and a 200-day moving average of $14.58. Hayward Holdings, Inc. has a 12-month low of $11.24 and a 12-month high of $17.42.
Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.03. The company had revenue of $260.13 million during 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%. Hayward's revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. As a group, sell-side analysts expect that Hayward Holdings, Inc. will post 0.88 earnings per share for the current year.
Hayward News Summary
Here are the key news stories impacting Hayward this week:
- Neutral Sentiment: The CEO and SVP Susan Canning reported sales under Rule 10b5-1 plans, which are set up in advance and may not reflect a current view of the company. Both executives retained substantial shareholdings. CEO SEC filing
- Negative Sentiment: CEO Kevin Holleran sold 50,000 shares for about $827,500, reducing his ownership by 11.08%. Canning also reported several recent sales totaling 7,000 shares across the disclosed transactions. The volume of insider selling could concern investors, despite the planned nature of the trades. SVP SEC filing
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Weiss Ratings lowered Hayward from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, October 23rd. Wolfe Research started coverage on Hayward in a research note on Tuesday, September 15th. They set a "peer perform" rating on the stock. The Goldman Sachs Group boosted their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, October 28th. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research report on Monday, July 20th. Finally, Zacks Research cut shares of Hayward from a "hold" rating to a "strong sell" rating in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Hayward presently has a consensus rating of "Hold" and a consensus price target of $17.12.
Check Out Our Latest Stock Analysis on HAYW
Hedge Funds Weigh In On Hayward
Hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its stake in shares of Hayward by 66.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,103 shares of the company's stock valued at $26,000 after purchasing an additional 836 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Hayward by 0.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 112,055 shares of the company's stock worth $1,499,000 after purchasing an additional 938 shares in the last quarter. GAMMA Investing LLC boosted its stake in Hayward by 33.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,760 shares of the company's stock worth $82,000 after purchasing an additional 1,198 shares during the period. Farther Finance Advisors LLC boosted its stake in Hayward by 95.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company's stock worth $38,000 after purchasing an additional 1,529 shares during the period. Finally, Choreo LLC boosted its stake in Hayward by 7.6% in the 3rd quarter. Choreo LLC now owns 23,804 shares of the company's stock worth $291,000 after purchasing an additional 1,682 shares during the period.
Hayward Company Profile
(
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.
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