Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 98.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,130 shares of the company's stock after selling 1,743,244 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Hayward were worth $493,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. grew its stake 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 purchasing an additional 2,141 shares in the last quarter. Innealta Capital LLC bought a new position in Hayward in the second quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new position in Hayward in the third quarter worth approximately $43,000. nVerses Capital LLC bought a new position in Hayward in the second quarter worth approximately $64,000. Finally, Quest Partners LLC grew its stake 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 purchasing an additional 5,420 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HAYW. The Goldman Sachs Group increased their price objective on Hayward from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. KeyCorp upped their target price on Hayward from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their target price on Hayward from $15.50 to $16.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Finally, Robert W. Baird upped their target price on Hayward from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $16.80.

Hayward Stock Down 1.6 %

Shares of HAYW traded down $0.27 during midday trading on Friday, hitting $16.25. 2,151,603 shares of the company's stock traded hands, compared to its average volume of 1,543,524. Hayward Holdings, Inc. has a 1 year low of $11.81 and a 1 year high of $16.87. The firm's fifty day moving average is $15.75 and its 200-day moving average is $14.46. 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 stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $222.88 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Insider Activity

In related news, CFO Eifion Jones sold 75,000 shares of the firm's stock in a transaction on 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 owns 258,903 shares in the company, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin Holleran sold 100,000 shares of the firm's 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. This trade 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 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.