Hayward Holdings, Inc. (NYSE:HAYW) CFO Sells $686,710.87 in Stock

Hayward Holdings, Inc. (NYSE:HAYW – Get Rating) CFO Eifion Jones sold 52,541 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $13.07, for a total value of $686,710.87. Following the completion of the sale, the chief financial officer now owns 175,282 shares in the company, valued at approximately $2,290,935.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Hayward Stock Performance

NYSE HAYW traded down $0.12 on Tuesday, reaching $12.84. The stock had a trading volume of 1,437,323 shares, compared to its average volume of 2,489,508. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.45 and a quick ratio of 1.09. The firm has a fifty day moving average of $10.18 and a two-hundred day moving average of $10.55. Hayward Holdings, Inc. has a 1-year low of $7.97 and a 1-year high of $20.13. The company has a market cap of $2.71 billion, a P/E ratio of 13.64 and a beta of 0.59.

Hayward (NYSE:HAYW – Get Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $245.27 million for the quarter, compared to analyst estimates of $242.11 million. Hayward had a return on equity of 20.10% and a net margin of 16.13%. On average, equities research analysts anticipate that Hayward Holdings, Inc. will post 0.98 EPS for the current year.

Institutional Trading of Hayward

Several large investors have recently modified their holdings of the stock. Park Avenue Securities LLC acquired a new stake in shares of Hayward during the 4th quarter worth $101,000. Quent Capital LLC acquired a new stake in shares of Hayward during the 4th quarter worth $37,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Hayward by 13.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,771,699 shares of the company’s stock worth $16,654,000 after purchasing an additional 203,871 shares in the last quarter. Diversified Trust Co lifted its position in shares of Hayward by 76.4% during the 4th quarter. Diversified Trust Co now owns 22,092 shares of the company’s stock worth $208,000 after buying an additional 9,567 shares during the last quarter. Finally, Bridgefront Capital LLC bought a new stake in shares of Hayward during the 3rd quarter worth $108,000. 74.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HAYW. Stifel Nicolaus began coverage on Hayward in a research note on Monday, December 12th. They set a “buy” rating and a $11.00 price objective on the stock. KeyCorp decreased their target price on Hayward from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, October 13th. Bank of America lowered Hayward from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $14.00 to $8.00 in a report on Tuesday, October 18th. The Goldman Sachs Group boosted their target price on Hayward from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Morgan Stanley boosted their target price on Hayward from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.00.

About Hayward

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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 residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features.