Systematic Financial Management LP Has $21.43 Million Position in Hayward Holdings, Inc. (NYSE:HAYW)

Systematic Financial Management LP lifted its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 9.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,397,065 shares of the company's stock after purchasing an additional 122,650 shares during the period. Systematic Financial Management LP owned about 0.65% of Hayward worth $21,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in Hayward by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,048 shares of the company's stock valued at $996,000 after acquiring an additional 4,158 shares during the period. SG Americas Securities LLC increased its position in Hayward by 32.8% during the 2nd quarter. SG Americas Securities LLC now owns 52,972 shares of the company's stock worth $652,000 after purchasing an additional 13,091 shares during the period. Diversified Trust Co increased its position in Hayward by 4.4% during the 2nd quarter. Diversified Trust Co now owns 54,470 shares of the company's stock worth $670,000 after purchasing an additional 2,289 shares during the period. Raymond James & Associates boosted its stake in shares of Hayward by 2.8% during the 2nd quarter. Raymond James & Associates now owns 99,981 shares of the company's stock worth $1,230,000 after acquiring an additional 2,746 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Hayward by 13.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 48,720 shares of the company's stock worth $599,000 after acquiring an additional 5,651 shares in the last quarter.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 75,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. This trade represents a 22.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin Holleran sold 100,000 shares of the firm'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 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 disclosure for this sale can be found here. Company insiders own 3.25% of the company's stock.

Hayward Stock Down 1.4 %

NYSE HAYW traded down $0.22 during trading hours on Thursday, hitting $15.79. The company had a trading volume of 1,271,828 shares, compared to its average volume of 1,536,980. 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 firm's 50 day moving average is $15.60 and its 200 day moving average is $14.38. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 2.24 and a beta of 1.16. Hayward Holdings, Inc. has a fifty-two week low of $11.81 and a fifty-two week high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $222.88 million. During the same quarter last year, the company posted $0.08 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on HAYW. Stifel Nicolaus upped their target price on Hayward from $15.50 to $16.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Robert W. Baird upped their target price on Hayward from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their target price on Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, KeyCorp upped their target price on Hayward from $17.00 to $18.00 and gave the company an "overweight" rating in a research note 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 MarketBeat.com, Hayward presently has a consensus rating of "Hold" and a consensus target price of $16.80.

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.