Hayward Holdings, Inc. (NYSE:HAYW) Sees Significant Decrease in Short Interest

Hayward Holdings, Inc. (NYSE:HAYW) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 15,710,000 shares, a drop of 7.2% from the July 15th total of 16,920,000 shares. Approximately 7.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is presently 11.4 days.

Hayward Stock Down 0.8 %

Shares of NYSE HAYW opened at $14.05 on Monday. The stock has a market cap of $3.02 billion, a PE ratio of 39.03, a P/E/G ratio of 2.40 and a beta of 1.21. The company has a current ratio of 2.59, a quick ratio of 2.34 and a debt-to-equity ratio of 0.71. Hayward has a 12-month low of $9.80 and a 12-month high of $16.04. The company has a 50-day moving average of $13.19 and a 200 day moving average of $13.72.

Hayward (NYSE:HAYW) last posted its earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The company had revenue of $284.39 million for the quarter, compared to analyst estimates of $282.60 million. During the same period in the previous year, the business posted $0.19 EPS. Hayward’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Hayward will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HAYW shares. The Goldman Sachs Group lowered their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Stifel Nicolaus raised their price target on shares of Hayward from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price objective on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, KeyCorp decreased their target price on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.40.

Insider Buying and Selling at Hayward

In other news, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the sale, the senior vice president now owns 67,904 shares in the company, valued at $950,656. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $13.96, for a total value of $598,283.72. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,298,274.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Susan M. Canning sold 5,028 shares of Hayward stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the sale, the senior vice president now directly owns 67,904 shares of the company’s stock, valued at approximately $950,656. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,599 shares of company stock worth $1,772,672. 3.25% of the stock is owned by insiders.

Institutional Trading of Hayward

Institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC acquired a new stake in shares of Hayward during the second quarter valued at about $186,000. The Manufacturers Life Insurance Company boosted its position in shares of Hayward by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,775,374 shares of the company’s stock worth $21,837,000 after purchasing an additional 11,358 shares during the period. Squarepoint Ops LLC increased its holdings in Hayward by 85.4% in the 2nd quarter. Squarepoint Ops LLC now owns 293,220 shares of the company’s stock valued at $3,607,000 after purchasing an additional 135,027 shares during the last quarter. Public Sector Pension Investment Board raised its position in Hayward by 7.9% in the second quarter. Public Sector Pension Investment Board now owns 278,871 shares of the company’s stock valued at $3,430,000 after purchasing an additional 20,441 shares during the period. Finally, Sei Investments Co. lifted its stake in Hayward by 4.2% during the second quarter. Sei Investments Co. now owns 270,571 shares of the company’s stock worth $3,328,000 after purchasing an additional 10,885 shares in the last quarter.

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.