Cerity Partners LLC Buys New Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Cerity Partners LLC acquired a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 45,994 shares of the company's stock, valued at approximately $706,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Hayward in the 2nd quarter worth approximately $30,000. Blue Trust Inc. raised its stake in Hayward by 2,710.1% in the third quarter. Blue Trust Inc. now owns 2,220 shares of the company's stock worth $34,000 after buying an additional 2,141 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Hayward during the third quarter worth $43,000. nVerses Capital LLC bought a new stake in Hayward during the 2nd quarter valued at $64,000. Finally, Quest Partners LLC increased its holdings in shares of Hayward by 217.7% in the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company's stock valued at $97,000 after acquiring an additional 5,420 shares during the period.

Hayward Stock Performance

Hayward stock traded up $0.26 during mid-day trading on Friday, reaching $16.05. 1,758,924 shares of the company traded hands, compared to its average volume of 2,104,902. The firm's fifty day moving average is $15.63 and its two-hundred day moving average is $14.40. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16. 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.

Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $222.88 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm's revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HAYW has been the subject of a number of analyst reports. The Goldman Sachs Group upped 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. Stifel Nicolaus increased their price target 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. KeyCorp lifted their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird increased their target price on shares of Hayward from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $16.80.

Insider Transactions at Hayward

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the 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 sale, the chief financial officer now directly owns 258,903 shares of the company's stock, valued at approximately $4,170,927.33. This trade represents a 22.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin Holleran sold 100,000 shares of Hayward 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 transaction, the chief executive officer now owns 522,799 shares of the company's stock, valued at $8,343,872.04. The trade was a 16.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.25% of the company's stock.

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.