Royce & Associates LP Trims Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Royce & Associates LP lessened its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYWGet Rating) by 33.3% during the third quarter, Holdings Channel reports. The firm owned 344,680 shares of the company’s stock after selling 171,800 shares during the quarter. Royce & Associates LP’s holdings in Hayward were worth $3,057,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Landscape Capital Management L.L.C. purchased a new position in Hayward during the 3rd quarter valued at about $212,000. Voss Capital LLC grew its holdings in shares of Hayward by 0.7% during the 3rd quarter. Voss Capital LLC now owns 302,160 shares of the company’s stock worth $2,680,000 after acquiring an additional 2,160 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Hayward by 47.5% during the 3rd quarter. Victory Capital Management Inc. now owns 25,348 shares of the company’s stock worth $225,000 after acquiring an additional 8,166 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of Hayward during the 3rd quarter worth approximately $89,000. Finally, Confluence Investment Management LLC purchased a new position in shares of Hayward during the 3rd quarter worth approximately $4,039,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Hayward Stock Performance

HAYW stock opened at $12.84 on Wednesday. The stock’s 50 day simple moving average is $10.18 and its 200 day simple moving average is $10.55. The stock has a market capitalization of $2.71 billion, a PE ratio of 13.52 and a beta of 0.59. The company has a current ratio of 2.45, a quick ratio of 1.09 and a debt-to-equity ratio of 0.89. Hayward Holdings, Inc. has a 12-month low of $7.97 and a 12-month high of $20.13.

Hayward (NYSE:HAYWGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $245.27 million for the quarter, compared to analysts’ expectations of $242.11 million. Hayward had a return on equity of 20.10% and a net margin of 16.13%. As a group, research analysts forecast that Hayward Holdings, Inc. will post 0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HAYW has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Hayward from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, January 6th. The Goldman Sachs Group boosted their price target on Hayward from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Monday. Jefferies Financial Group raised Hayward from a “hold” rating to a “buy” rating and boosted their price target for the stock from $9.50 to $15.00 in a research report on Tuesday, January 3rd. Bank of America cut Hayward from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $14.00 to $8.00 in a research report on Tuesday, October 18th. Finally, KeyCorp dropped their price target on Hayward from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hayward has a consensus rating of “Hold” and an average price target of $12.00.

Insider Activity

In other news, CFO Eifion Jones sold 52,541 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $13.07, for a total transaction of $686,710.87. Following the transaction, the chief financial officer now directly owns 175,282 shares of the company’s stock, valued at approximately $2,290,935.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Eifion Jones sold 52,541 shares of the company’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $13.07, for a total value of $686,710.87. Following the completion of the sale, the chief financial officer now directly owns 175,282 shares in the company, valued at approximately $2,290,935.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alberta Investment Management sold 2,826,936 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $9.86, for a total value of $27,873,588.96. Following the completion of the sale, the insider now owns 22,901,636 shares of the company’s stock, valued at $225,810,130.96. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

About Hayward

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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 residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features.

Further Reading

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Institutional Ownership by Quarter for Hayward (NYSE:HAYW)

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