Hayward (NYSE:HAYW) Shares Gap Down – Here’s What Happened

Hayward Holdings, Inc. (NYSE:HAYW)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.20, but opened at $14.70. Hayward shares last traded at $14.99, with a volume of 171,519 shares.

Analyst Ratings Changes

Several research firms recently issued reports on HAYW. Stifel Nicolaus upped their target price on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group raised their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price target on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, KeyCorp restated a “sector weight” rating on shares of Hayward in a research note on Monday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.80.

Hayward Stock Down 1.7 %

The business’s fifty day simple moving average is $15.87 and its two-hundred day simple moving average is $14.68. The company has a market cap of $3.13 billion, a PE ratio of 34.55, a PEG ratio of 2.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $227.57 million during the quarter, compared to analyst estimates of $222.88 million. During the same quarter in the previous year, the business earned $0.08 EPS. Hayward’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts predict that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $15.96, for a total value of $1,596,000.00. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eifion Jones sold 75,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the transaction, the chief financial officer now owns 258,903 shares in the company, valued at $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.

Hedge Funds Weigh In On Hayward

A number of institutional investors have recently added to or reduced their stakes in the stock. Equitable Trust Co. increased its holdings in shares of Hayward by 2.3% during the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock worth $519,000 after buying an additional 749 shares during the last quarter. CIBC Asset Management Inc increased its stake in Hayward by 5.4% during the third quarter. CIBC Asset Management Inc now owns 15,412 shares of the company’s stock worth $236,000 after acquiring an additional 784 shares during the last quarter. Arizona State Retirement System raised its position in Hayward by 2.2% in the second quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock valued at $517,000 after purchasing an additional 887 shares during the period. Natixis Advisors LLC lifted its stake in shares of Hayward by 7.9% in the 2nd quarter. Natixis Advisors LLC now owns 20,078 shares of the company’s stock valued at $247,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Hayward by 2,710.1% during the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after purchasing an additional 2,141 shares during the period.

Hayward Company Profile

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.