Hayward (NYSE:HAYW) Stock: Insider Susan Canning Sells 2,500 Shares

Hayward Holdings, Inc. (NYSE:HAYW) SVP Susan Canning sold 2,500 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $16.72, for a total transaction of $41,800.00. Following the transaction, the senior vice president owned 157,411 shares in the company, valued at approximately $2,631,911.92. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hayward Price Performance

HAYW opened at $16.96 on Thursday. The company’s 50 day simple moving average is $13.12 and its 200 day simple moving average is $14.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.43 and a current ratio of 3.33. Hayward Holdings, Inc. has a 1 year low of $11.24 and a 1 year high of $17.42. The stock has a market capitalization of $3.54 billion, a PE ratio of 21.75, a P/E/G ratio of 1.41 and a beta of 1.13.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $260.13 million during the quarter, compared to analyst estimates of $251.80 million. Hayward had a net margin of 14.35% and a return on equity of 11.95%. Hayward’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, sell-side analysts expect that Hayward Holdings, Inc. will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

HAYW has been the topic of several research reports. Zacks Research lowered Hayward from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. The Goldman Sachs Group lifted their target price on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. Weiss Ratings downgraded Hayward from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Wolfe Research initiated coverage on Hayward in a research note on Tuesday, September 15th. They set a “peer perform” rating for the company. Finally, KeyCorp restated a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hayward currently has a consensus rating of “Hold” and a consensus price target of $17.12.

Hayward News Summary

Here are the key news stories impacting Hayward this week:

• Positive Sentiment: Hayward’s latest reported quarter showed EPS of $0.18 versus the $0.15 consensus and revenue of $260.1 million versus $251.8 million expected. Revenue grew 6.5% year over year, offering a supportive business-performance signal.
• Negative Sentiment: CEO Kevin Holleran sold 50,000 shares for about $827,500, reducing his direct holdings by 11.08%. SVP Susan Canning also sold 2,500 shares; a separate recent report noted another 2,000-share sale. The transactions were made under pre-arranged Rule 10b5-1 plans, which makes them less direct evidence of executives’ current outlook, but the CEO sale could concern investors. Insider sales report

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HAYW. Salomon & Ludwin LLC boosted its stake in shares of Hayward by 66.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,103 shares of the company’s stock valued at $26,000 after buying an additional 836 shares during the last quarter. Keybank National Association OH increased its stake in shares of Hayward by 2.6% in the third quarter. Keybank National Association OH now owns 35,457 shares of the company’s stock worth $434,000 after buying an additional 905 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Hayward by 0.8% in the first quarter. Illinois Municipal Retirement Fund now owns 112,055 shares of the company’s stock worth $1,499,000 after buying an additional 938 shares during the last quarter. GAMMA Investing LLC raised its holdings in Hayward by 33.6% in the second quarter. GAMMA Investing LLC now owns 4,760 shares of the company’s stock valued at $82,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Hayward by 95.3% in the third quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company’s stock valued at $38,000 after acquiring an additional 1,529 shares in the last quarter.

Hayward Company Profile

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools. Its product portfolio includes pumps, filters, heaters, heat pumps, automatic pool cleaners, lighting, sanitization systems, water features and pool-control and automation solutions.

The company sells products under the Hayward brand and serves pool owners, builders, retailers, distributors and service professionals. Its equipment is used in both new pool construction and the replacement and renovation market, with an emphasis on energy efficiency, water quality and connected pool-management technologies.

Hayward traces its roots to 1925 and has developed into a global pool-equipment supplier.