33,646 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 33,646 shares of the company's stock, valued at approximately $516,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in shares of Hayward in the second quarter worth about $30,000. Blue Trust Inc. lifted its holdings 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 during the period. Capital Performance Advisors LLP purchased a new stake in Hayward in the third quarter worth about $43,000. nVerses Capital LLC purchased a new stake in Hayward in the second quarter worth about $64,000. Finally, Quest Partners LLC lifted its holdings in Hayward by 217.7% in the second quarter. Quest Partners LLC now owns 7,910 shares of the company's stock worth $97,000 after buying an additional 5,420 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HAYW. Robert W. Baird lifted their target price on shares of Hayward from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on shares of Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Hayward from $15.50 to $16.00 and gave the company a "hold" rating in a report on Monday, October 28th. Finally, KeyCorp lifted their target price on shares of Hayward from $17.00 to $18.00 and gave the company an "overweight" rating in a 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 stock. According to MarketBeat.com, Hayward currently has an average rating of "Hold" and an average target price of $16.80.

Insider Activity

In other Hayward news, CEO Kevin Holleran sold 100,000 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. The trade was 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 the company's stock in a transaction dated Friday, November 8th. The shares were 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 owns 258,903 shares in the company, 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. Insiders own 3.25% of the company's stock.

Hayward Stock Up 1.6 %

NYSE HAYW traded up $0.25 during mid-day trading on Friday, reaching $16.04. The stock had a trading volume of 748,331 shares, compared to its average volume of 1,534,389. 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 PE ratio of 37.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16. The company has a fifty day moving average price of $15.62 and a 200 day moving average price of $14.39. 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 posted its earnings results 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 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 the consensus estimate of $222.88 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm's revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

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.