Weiss Asset Management LP Acquires 1,077,117 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Weiss Asset Management LP raised its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 515.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,286,267 shares of the company's stock after purchasing an additional 1,077,117 shares during the quarter. Weiss Asset Management LP owned 0.60% of Hayward worth $19,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Hayward Trading Up 1.8 %

Shares of HAYW traded up $0.29 during trading hours on Friday, reaching $16.08. 993,760 shares of the company traded hands, compared to its average volume of 1,535,637. Hayward Holdings, Inc. has a 12 month low of $11.81 and a 12 month high of $16.87. 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 company's fifty day moving average price is $15.62 and its two-hundred day moving average price is $14.39. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $227.57 million for the quarter, compared to analysts' expectations of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. Equities research analysts predict that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird lifted their price objective on Hayward from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Hayward from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. KeyCorp increased their price objective on Hayward from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their target price 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $16.80.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 100,000 shares of the business'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 sale, the chief executive officer now directly owns 522,799 shares of the company's stock, valued at approximately $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $1,208,250.00. Following the transaction, the chief financial officer now owns 258,903 shares of the company's stock, valued at $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 owned by corporate insiders.

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.