BBR Partners LLC Has $63.37 Million Stock Position in Hayward Holdings, Inc. $HAYW

BBR Partners LLC lifted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,591,730 shares of the company’s stock after acquiring an additional 183,691 shares during the quarter. Hayward makes up approximately 3.9% of BBR Partners LLC’s holdings, making the stock its 5th biggest holding. BBR Partners LLC owned about 2.12% of Hayward worth $63,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HAYW. EverSource Wealth Advisors LLC grew its stake in Hayward by 149.2% in the second quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock worth $65,000 after purchasing an additional 2,814 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Hayward by 28.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company’s stock worth $91,000 after buying an additional 1,472 shares during the period. Brighton Jones LLC bought a new position in shares of Hayward during the 2nd quarter worth $146,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Hayward during the first quarter valued at $150,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Hayward in the first quarter valued at about $153,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on HAYW. Zacks Research raised shares of Hayward from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus increased their price objective on shares of Hayward from $17.50 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hayward in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Insider Buying and Selling at Hayward

In other news, CFO Eifion Jones sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $17.50, for a total transaction of $437,500.00. Following the sale, the chief financial officer owned 287,231 shares in the company, valued at approximately $5,026,542.50. The trade was a 8.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $15.16, for a total transaction of $918,256.36. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at $9,452,866.40. The trade was a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 206,713 shares of company stock worth $3,346,725. 5.06% of the stock is owned by company insiders.

Hayward Stock Down 0.1%

NYSE:HAYW opened at $16.01 on Friday. The company’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $15.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.31 and a current ratio of 3.18. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $17.73. The stock has a market capitalization of $3.47 billion, a P/E ratio of 25.82, a P/E/G ratio of 1.68 and a beta of 1.12.

Hayward (NYSE:HAYW) last posted its earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Hayward had a net margin of 12.54% and a return on equity of 11.24%. The company had revenue of $244.34 million during the quarter, compared to analysts’ expectations of $231.46 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Hayward’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share 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.