Holocene Advisors LP Trims Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Holocene Advisors LP lowered its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 69.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,005 shares of the company's stock after selling 94,635 shares during the period. Holocene Advisors LP's holdings in Hayward were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Equitable Trust Co. lifted its position in shares of Hayward by 2.3% in the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company's stock worth $519,000 after buying an additional 749 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hayward by 2.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company's stock worth $352,000 after buying an additional 784 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Hayward by 5.4% in the third quarter. CIBC Asset Management Inc now owns 15,412 shares of the company's stock worth $236,000 after buying an additional 784 shares during the period. Arizona State Retirement System boosted its holdings in shares of Hayward by 2.2% during the second quarter. Arizona State Retirement System now owns 41,998 shares of the company's stock worth $517,000 after purchasing an additional 887 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Hayward by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company's stock worth $785,000 after purchasing an additional 1,400 shares during the period.

Hayward Stock Up 1.6 %

NYSE HAYW traded up $0.26 during trading hours on Friday, hitting $16.05. The company's stock had a trading volume of 1,758,924 shares, compared to its average volume of 2,104,902. Hayward Holdings, Inc. has a 52 week low of $11.81 and a 52 week high of $16.87. The company has a market capitalization of $3.46 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The company's 50-day simple moving average is $15.63 and its two-hundred day simple moving average is $14.40.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly 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 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 analyst estimates of $222.88 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that Hayward Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling at Hayward

In related news, CFO Eifion Jones sold 75,000 shares of the company'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 sale, the chief financial officer now directly owns 258,903 shares in the company, valued at approximately $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of the 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 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. 3.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. KeyCorp lifted their price target on shares of Hayward from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Stifel Nicolaus lifted 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. The Goldman Sachs Group boosted their target price on shares of Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird upped their price target 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. Four research 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, Hayward has an average rating of "Hold" and a consensus target price of $16.80.

About Hayward

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.