Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran Sells 42,857 Shares

Hayward Holdings, Inc. (NYSE:HAYW) CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total transaction of $571,712.38. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $6,974,138.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, April 1st, Kevin Holleran sold 61,429 shares of Hayward stock. The shares were sold at an average price of $15.14, for a total transaction of $930,035.06.

Hayward Stock Down 0.6 %

Shares of NYSE:HAYW opened at $13.17 on Friday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 36.58 and a beta of 1.22. The company has a 50 day moving average of $14.03 and a two-hundred day moving average of $12.98. Hayward Holdings, Inc. has a 52-week low of $9.80 and a 52-week high of $16.04. The company has a quick ratio of 2.13, a current ratio of 3.02 and a debt-to-equity ratio of 0.82.

Hayward (NYSE:HAYW) last announced its earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. Hayward had a net margin of 8.13% and a return on equity of 9.55%. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts forecast that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of Hayward

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank acquired a new stake in Hayward during the 2nd quarter valued at approximately $230,000. MetLife Investment Management LLC grew its position in shares of Hayward by 56.8% during the second quarter. MetLife Investment Management LLC now owns 2,186 shares of the company’s stock worth $28,000 after buying an additional 792 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Hayward in the first quarter worth $29,000. GAMMA Investing LLC raised its holdings in Hayward by 178.5% in the first quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock valued at $41,000 after acquiring an additional 1,714 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in Hayward during the 4th quarter valued at $37,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HAYW shares. The Goldman Sachs Group increased their price target on shares of Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. TheStreet raised shares of Hayward from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Jefferies Financial Group lowered shares of Hayward from a “buy” rating to a “hold” rating and reduced their target price for the company from $15.00 to $14.00 in a report on Thursday, January 11th. Finally, Stifel Nicolaus upped their price target on shares of Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.70.

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.