Victory Capital Management Inc. Buys 32,514 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Victory Capital Management Inc. raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,123,240 shares of the company's stock after acquiring an additional 32,514 shares during the period. Victory Capital Management Inc. owned approximately 2.38% of Hayward worth $78,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC raised its stake in Hayward by 241.0% during the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company's stock valued at $9,312,000 after purchasing an additional 429,851 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Hayward in the first quarter valued at about $952,000. WCM Investment Management LLC grew its position in Hayward by 2.2% during the third quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company's stock worth $31,152,000 after buying an additional 43,222 shares in the last quarter. Edgestream Partners L.P. bought a new position in Hayward during the first quarter valued at about $1,195,000. Finally, Vanguard Group Inc. raised its holdings in Hayward by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company's stock valued at $225,902,000 after acquiring an additional 51,488 shares in the last quarter.

Hayward Price Performance

Shares of NYSE:HAYW traded down $0.03 on Thursday, hitting $15.75. The stock had a trading volume of 1,984,708 shares, compared to its average volume of 1,507,143. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The firm's 50 day moving average price is $15.06 and its 200-day moving average price is $14.21. Hayward Holdings, Inc. has a twelve month low of $11.29 and a twelve month 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 for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $227.57 million for 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, equities research analysts predict that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 100,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was 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 of the company's stock, valued at $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction dated 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. Over the last quarter, insiders have sold 217,857 shares of company stock valued at $3,416,677. 3.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Hayward from $15.50 to $16.00 and gave the company a "hold" rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their price target on shares of Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Robert W. Baird lifted their target price 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, KeyCorp upped their target price on shares of 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.