2,858 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Bought by True Wealth Design LLC

True Wealth Design LLC purchased a new stake in Hayward Holdings, Inc. (NYSE:HAYW) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,858 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in Hayward in the 2nd quarter valued at about $30,000. Blue Trust Inc. lifted its position in shares of Hayward by 2,710.1% in the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock valued at $34,000 after buying an additional 2,141 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Hayward during the 3rd quarter worth approximately $43,000. nVerses Capital LLC bought a new position in shares of Hayward during the 2nd quarter worth approximately $64,000. Finally, Quest Partners LLC increased its holdings in shares of Hayward by 217.7% during the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock worth $97,000 after acquiring an additional 5,420 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on HAYW. The Goldman Sachs Group lifted their price objective on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. 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 report on Monday, October 28th. Robert W. Baird raised their price objective on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, KeyCorp upped their target price on Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hayward has a consensus rating of “Hold” and an average target price of $16.80.

Hayward Stock Performance

Shares of NYSE:HAYW opened at $16.16 on Monday. Hayward Holdings, Inc. has a 12-month low of $11.55 and a 12-month high of $16.87. The company’s 50 day moving average price is $15.52 and its two-hundred day moving average price is $14.35. The firm has a market cap of $3.48 billion, a PE ratio of 38.48, a PEG ratio of 2.26 and a beta of 1.19. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $227.57 million for the quarter, compared to the consensus estimate of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. Equities research analysts predict that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction on Friday, November 8th. The stock was 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 in the company, valued at approximately $4,170,927.33. This trade represents a 22.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the company’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 owns 522,799 shares of the company’s stock, valued at approximately $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 217,857 shares of company stock valued at $3,416,677 over the last quarter. 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.