State Street Corp Boosts Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

State Street Corp raised its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,355,277 shares of the company's stock after buying an additional 341,424 shares during the period. State Street Corp owned about 2.02% of Hayward worth $66,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in HAYW. MSD Capital L P purchased a new position in shares of Hayward during the third quarter valued at $418,901,000. Michael & Susan Dell Foundation bought a new position in Hayward during the 3rd quarter worth about $39,646,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $86,476,000 after purchasing an additional 878,705 shares during the period. American Century Companies Inc. raised its holdings in shares of Hayward by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company's stock valued at $57,465,000 after purchasing an additional 558,227 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hayward by 12.4% in the 2nd 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.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 75,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of Hayward stock in a transaction dated 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 sale, the chief executive officer now directly owns 522,799 shares of the company's stock, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by insiders.

Hayward Stock Down 3.6 %

NYSE HAYW traded down $0.58 on Wednesday, hitting $15.50. The stock had a trading volume of 3,525,686 shares, compared to its average volume of 1,562,590. Hayward Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $16.87. The business's fifty day moving average price is $15.83 and its 200 day moving average price is $14.49. 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 stock has a market cap of $3.34 billion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16.

Hayward (NYSE:HAYW - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping 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 previous year, the business earned $0.08 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased 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. The Goldman Sachs Group increased 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. Robert W. Baird boosted their price target on Hayward from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, KeyCorp raised their price objective on Hayward from $17.00 to $18.00 and gave the company an "overweight" 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. Based on data from MarketBeat.com, the company presently has a consensus 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.