Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran Sells 50,000 Shares

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 50,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was 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 of the company’s stock, valued at $7,806,720.80. This represents a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

Hayward Price Performance

Shares of NYSE HAYW opened at $12.21 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The stock has a market cap 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 company’s 50-day moving average price is $14.30 and its 200 day moving average price is $15.04. Hayward Holdings, Inc. has a 52 week low of $11.54 and a 52 week high of $16.87.

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

Institutional Trading of Hayward

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC boosted its position in Hayward by 385.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock worth $128,942,000 after acquiring an additional 6,696,170 shares during the last quarter. Michael & Susan Dell Foundation boosted its holdings in shares of Hayward by 247.6% during the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company’s stock worth $137,373,000 after purchasing an additional 6,400,000 shares during the last quarter. BBR Partners LLC purchased a new stake in shares of Hayward in the fourth quarter valued at $67,399,000. Fiduciary Management Inc. WI acquired a new position in Hayward in the fourth quarter valued at $62,949,000. Finally, Vanguard Group Inc. lifted its position in Hayward by 22.8% during the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock worth $295,174,000 after buying an additional 3,589,352 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HAYW shares. Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Wednesday, February 5th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Wolfe Research downgraded shares of Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday. Finally, Robert W. Baird increased their target price on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Hayward presently has a consensus rating of “Hold” and an average target price of $17.13.

About Hayward

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.