Hayward Holdings, Inc. (NYSE:HAYW - Get Free Report)'s stock price hit a new 52-week low during trading on Friday after an insider sold shares in the company. The company traded as low as $11.70 and last traded at $11.70, with a volume of 872369 shares trading hands. The stock had previously closed at $12.43.
Specifically, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $7,806,720.80. This trade represents a 7.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Robert W. Baird boosted their target price on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a report on Wednesday, February 5th. Finally, KeyCorp reissued a "sector weight" rating on shares of Hayward in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $17.13.
Read Our Latest Report on HAYW
Hayward Price Performance
The company has a fifty day moving average price of $14.08 and a two-hundred day moving average price of $14.97. The firm has a market capitalization of $2.68 billion, a PE ratio of 29.50, a P/E/G ratio of 1.87 and a beta of 1.14. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70.
Hayward (NYSE:HAYW - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The business had revenue of $327.08 million for the quarter, compared to analysts' expectations of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. Sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.
Hedge Funds Weigh In On Hayward
Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after acquiring an additional 671 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of Hayward by 98.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company's stock worth $78,000 after purchasing an additional 2,524 shares during the period. KBC Group NV grew its position in Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock valued at $97,000 after buying an additional 2,283 shares during the last quarter. Sterling Capital Management LLC increased its stake in Hayward by 61.9% in the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after buying an additional 3,268 shares during the period. Finally, Pacer Advisors Inc. raised its position in Hayward by 25.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock worth $156,000 after buying an additional 2,062 shares during the last quarter.
About Hayward
(
Get Free Report)
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.
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