Charles Schwab Investment Management Inc. Purchases 251,788 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Charles Schwab Investment Management Inc. raised its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 24.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,265,794 shares of the company's stock after purchasing an additional 251,788 shares during the period. Charles Schwab Investment Management Inc. owned 0.59% of Hayward worth $19,417,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in Hayward by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company's stock worth $57,465,000 after acquiring an additional 558,227 shares during the period. Dimensional Fund Advisors LP grew its stake in Hayward by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company's stock worth $52,489,000 after purchasing an additional 469,124 shares during the period. Victory Capital Management Inc. increased its holdings in Hayward by 4.6% in the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company's stock worth $62,616,000 after purchasing an additional 222,311 shares in the last quarter. Jade Capital Advisors LLC acquired a new position in Hayward in the third quarter valued at approximately $2,301,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Hayward by 85.4% during the 2nd quarter. Squarepoint Ops LLC now owns 293,220 shares of the company's stock worth $3,607,000 after buying an additional 135,027 shares in the last quarter.

Hayward Stock Up 1.6 %

Shares of NYSE HAYW traded up $0.26 during mid-day trading on Friday, reaching $16.05. 1,758,924 shares of the company's stock traded hands, compared to its average volume of 2,104,902. 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 Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $16.87. The stock has a market cap of $3.46 billion, a P/E ratio of 38.21, a PEG ratio of 2.24 and a beta of 1.16. The business has a 50-day simple moving average of $15.63 and a 200 day simple moving average of $14.40.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $222.88 million. During the same period in the previous year, the company posted $0.08 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect that Hayward Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 100,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.96, for a total value 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 represents a 16.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eifion Jones sold 75,000 shares of Hayward 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 sale, the chief financial officer now owns 258,903 shares in the company, valued at $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.25% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on HAYW shares. Stifel Nicolaus lifted their price objective on shares of Hayward from $15.50 to $16.00 and gave the company a "hold" rating in a research note on Monday, October 28th. KeyCorp upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Hayward from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their target price on Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Hayward has an average rating of "Hold" and a consensus target price of $16.80.

Hayward 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.