Eagle Asset Management Inc. Has $7.35 Million Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Eagle Asset Management Inc. trimmed its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 37.9% in the third quarter, Holdings Channel reports. The fund owned 457,763 shares of the company’s stock after selling 279,709 shares during the quarter. Eagle Asset Management Inc.’s holdings in Hayward were worth $7,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Hayward by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock valued at $225,902,000 after purchasing an additional 51,488 shares during the period. Quadrature Capital Ltd boosted its position in shares of Hayward by 156.6% in the first quarter. Quadrature Capital Ltd now owns 33,793 shares of the company’s stock valued at $517,000 after acquiring an additional 20,624 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Hayward by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,048 shares of the company’s stock worth $996,000 after acquiring an additional 4,158 shares during the last quarter. Bayesian Capital Management LP bought a new position in Hayward during the first quarter worth $952,000. Finally, Jane Street Group LLC increased its position in Hayward by 241.0% during the first quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock worth $9,312,000 after acquiring an additional 429,851 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. KeyCorp raised their price target on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.80.

Hayward Trading Up 0.4 %

HAYW stock opened at $16.06 on Monday. 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 firm has a market cap of $3.46 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.24 and a beta of 1.19. Hayward Holdings, Inc. has a 1-year low of $11.54 and a 1-year high of $16.87. The business’s 50 day moving average is $15.34 and its 200-day moving average is $14.30.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Hayward

In other news, 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 sale, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Eifion Jones sold 75,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 217,857 shares of company stock worth $3,416,677 over the last ninety days. Corporate 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.