Dynamic Technology Lab Private Ltd Purchases New Shares in Hayward Holdings, Inc. (NYSE:HAYW)

Dynamic Technology Lab Private Ltd purchased a new stake in Hayward Holdings, Inc. (NYSE:HAYW) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,252 shares of the company’s stock, valued at approximately $556,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. lifted its position in Hayward by 0.6% during the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock worth $78,591,000 after purchasing an additional 32,514 shares during the period. American Century Companies Inc. lifted its position in Hayward by 13.6% during the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after purchasing an additional 558,227 shares during the period. Dimensional Fund Advisors LP lifted its position in Hayward by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after purchasing an additional 469,124 shares during the period. WCM Investment Management LLC lifted 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 purchasing an additional 43,222 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Hayward by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,775,374 shares of the company’s stock worth $21,837,000 after purchasing an additional 11,358 shares during the period.

Wall Street Analyst Weigh In

HAYW has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased their target price on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, KeyCorp increased their target price on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.80.

Insider Activity at Hayward

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the stock in a transaction that occurred on 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 approximately $4,170,927.33. This represents a 22.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.96, for a total transaction 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 $8,343,872.04. This represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 217,857 shares of company stock worth $3,416,677 in the last quarter. 3.25% of the stock is owned by insiders.

Hayward Stock Down 0.2 %

Shares of NYSE HAYW opened at $16.15 on Friday. The company has a 50 day simple moving average of $15.52 and a 200 day simple moving average of $14.36. The firm has a market cap of $3.48 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. Hayward Holdings, Inc. has a 1 year low of $11.55 and a 1 year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

Hayward (NYSE:HAYW) 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. The business had revenue of $227.57 million during the quarter, compared to analyst estimates of $222.88 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. On average, research analysts forecast that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

About Hayward

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.