Barclays PLC trimmed its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 38.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,628 shares of the company's stock after selling 51,157 shares during the period. Barclays PLC's holdings in Hayward were worth $1,283,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MSD Capital L P bought a new stake in Hayward in the 3rd quarter valued at about $418,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hayward by 18.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company's stock worth $86,476,000 after acquiring an additional 878,705 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Hayward by 0.6% during the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company's stock valued at $78,591,000 after purchasing an additional 32,514 shares during the period. American Century Companies Inc. lifted its holdings in Hayward by 13.6% in the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company's stock worth $57,465,000 after purchasing an additional 558,227 shares during the period. Finally, State Street Corp increased its stake in Hayward by 8.5% during the 3rd quarter. State Street Corp now owns 4,355,277 shares of the company's stock valued at $66,810,000 after buying an additional 341,424 shares during the period.
Hayward Stock Performance
Hayward stock opened at $14.28 on Monday. Hayward Holdings, Inc. has a fifty-two week low of $11.81 and a fifty-two week high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The company has a market cap of $3.08 billion, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 2.28 and a beta of 1.17. The firm's 50 day simple moving average is $15.75 and its 200-day simple moving average is $14.72.
Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $227.57 million during the quarter, compared to analyst estimates of $222.88 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The firm's revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Hayward Holdings, Inc. will post 0.61 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on HAYW. Robert W. Baird boosted their target price on Hayward from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on Hayward from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Stifel Nicolaus raised their price objective on shares of Hayward from $15.50 to $16.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, KeyCorp reissued a "sector weight" rating on shares of Hayward in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.50.
Get Our Latest Stock Report on HAYW
Insiders Place Their Bets
In related news, CEO Kevin Holleran sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eifion Jones sold 75,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the transaction, the chief financial officer now owns 258,903 shares of the company's stock, valued at $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.25% of the company's stock.
About Hayward
(
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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