Kovitz Investment Group Partners LLC Lowers Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Kovitz Investment Group Partners LLC decreased its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 9.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,736,936 shares of the company's stock after selling 177,698 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.81% of Hayward worth $26,555,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HAYW. MSD Capital L P purchased a new stake in shares of Hayward in the third quarter valued at about $418,901,000. Michael & Susan Dell Foundation purchased a new stake in shares of Hayward during the 3rd quarter valued at approximately $39,646,000. Wellington Management Group LLP purchased a new stake in shares of Hayward during the 3rd quarter valued at approximately $20,391,000. Weiss Asset Management LP grew its position in Hayward by 515.0% in the third quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company's stock worth $19,731,000 after acquiring an additional 1,077,117 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Hayward by 18.5% in the third 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.

Insider Transactions at Hayward

In other news, CFO Eifion Jones sold 75,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin Holleran sold 100,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were 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 of the company's stock, valued at approximately $8,343,872.04. The trade was a 16.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.25% of the company's stock.

Hayward Stock Up 1.6 %

Hayward stock traded up $0.26 during trading on Friday, reaching $16.05. The stock had a trading volume of 1,758,924 shares, compared to its average volume of 2,104,902. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $16.87. The stock has a market cap of $3.46 billion, a PE ratio of 38.21, a P/E/G ratio of 2.24 and a beta of 1.16. The business has a 50 day moving average price of $15.63 and a 200 day moving average price of $14.40.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $227.57 million during the quarter, compared to analysts' expectations of $222.88 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. On average, analysts predict that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HAYW. KeyCorp upped their price target on Hayward from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their price target on shares of Hayward from $15.50 to $16.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Robert W. Baird raised their price target 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. Finally, 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 report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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.