Hayward Holdings, Inc. (NYSE:HAYW) CFO Eifion Jones Sells 58,000 Shares

Hayward Holdings, Inc. (NYSE:HAYW) CFO Eifion Jones sold 58,000 shares of the stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $20.59, for a total value of $1,194,220.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

HAYW stock opened at $19.72 on Wednesday. The business’s 50-day simple moving average is $22.36. Hayward Holdings, Inc. has a 1-year low of $15.61 and a 1-year high of $26.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.73 and a current ratio of 2.38.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Sunday, August 1st. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $364.40 million during the quarter, compared to the consensus estimate of $346.70 million. Analysts predict that Hayward Holdings, Inc. will post 1.83 earnings per share for the current year.

A number of brokerages have commented on HAYW. BMO Capital Markets began coverage on Hayward in a research report on Wednesday, June 9th. They issued a “market perform” rating and a $26.00 price objective for the company. Morgan Stanley cut their target price on Hayward from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 3rd. KeyCorp raised their target price on Hayward from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 8th. Finally, Zacks Investment Research upgraded Hayward from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, August 19th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hayward presently has an average rating of “Buy” and a consensus price target of $25.25.

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of Hayward by 654.2% in the second quarter. Royal Bank of Canada now owns 1,071 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Hayward by 1,791.4% in the second quarter. Advisor Group Holdings Inc. now owns 1,097 shares of the company’s stock valued at $30,000 after buying an additional 1,039 shares during the period. Deutsche Bank AG bought a new stake in shares of Hayward in the second quarter valued at approximately $54,000. CNA Financial Corp boosted its stake in shares of Hayward by 10.4% in the second quarter. CNA Financial Corp now owns 43,336 shares of the company’s stock valued at $1,128,000 after buying an additional 4,080 shares during the period. Finally, Ancora Advisors LLC boosted its stake in shares of Hayward by 70.4% in the second quarter. Ancora Advisors LLC now owns 10,022 shares of the company’s stock valued at $261,000 after buying an additional 4,140 shares during the period. 52.99% of the stock is currently owned by institutional investors and hedge funds.

Hayward Company Profile

Hayward Holdings, Inc operates as a designer, manufacturer, and marketer of various pool equipment and associated automation systems. The company offers a range of pool equipment, including pumps, filters, heaters, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

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