UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 878,705 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 18.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,637,305 shares of the company's stock after purchasing an additional 878,705 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.62% of Hayward worth $86,476,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Public Sector Pension Investment Board increased its holdings in shares of Hayward by 8.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 301,271 shares of the company's stock worth $4,621,000 after acquiring an additional 22,400 shares during the last quarter. De Lisle Partners LLP bought a new position in Hayward during the 3rd quarter worth $5,182,000. Quantbot Technologies LP lifted its holdings in shares of Hayward by 118.4% during the third quarter. Quantbot Technologies LP now owns 48,550 shares of the company's stock worth $745,000 after buying an additional 26,324 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hayward in the third quarter valued at about $556,000. Finally, Cerity Partners LLC acquired a new position in shares of Hayward in the third quarter valued at about $706,000.

Analyst Upgrades and Downgrades

HAYW has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Hayward from $15.50 to $16.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. KeyCorp lifted 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. Robert W. Baird upped their price objective on Hayward from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their target price on Hayward from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Hayward has an average rating of "Hold" and an average price target of $16.80.

Insider Activity at Hayward

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

Hayward Trading Down 0.1 %

Hayward stock traded down $0.02 during trading hours on Tuesday, hitting $15.98. The stock had a trading volume of 1,365,897 shares, compared to its average volume of 1,539,636. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 2.24 and a beta of 1.16. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The business's 50 day simple moving average is $15.54 and its 200-day simple moving average is $14.36. Hayward Holdings, Inc. has a one year low of $11.81 and a one year high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter last year, the business earned $0.08 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Hayward Holdings, Inc. will post 0.61 EPS for the current fiscal year.

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.