Royce & Associates LP Sells 171,800 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Royce & Associates LP decreased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYWGet Rating) by 33.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,680 shares of the company’s stock after selling 171,800 shares during the period. Royce & Associates LP owned 0.16% of Hayward worth $3,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brinker Capital Investments LLC bought a new position in Hayward in the second quarter worth approximately $310,000. US Bancorp DE boosted its holdings in Hayward by 75.6% in the second quarter. US Bancorp DE now owns 69,482 shares of the company’s stock worth $1,000,000 after acquiring an additional 29,914 shares in the last quarter. CI Investments Inc. boosted its holdings in Hayward by 11.9% in the second quarter. CI Investments Inc. now owns 419,700 shares of the company’s stock worth $6,039,000 after acquiring an additional 44,600 shares in the last quarter. Synovus Financial Corp bought a new position in Hayward in the second quarter worth approximately $273,000. Finally, Natixis bought a new position in Hayward in the second quarter worth approximately $1,438,000. Institutional investors own 74.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Hayward news, CFO Eifion Jones sold 52,541 shares of the firm’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 of the company’s stock, valued at $2,290,935.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Eifion Jones sold 52,541 shares of Hayward 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 transaction, the chief financial officer now directly owns 175,282 shares in the company, valued at $2,290,935.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alberta Investment Management sold 2,826,936 shares of Hayward stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $9.86, for a total value of $27,873,588.96. Following the completion of the transaction, 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. Company insiders own 3.10% of the company’s stock.

Hayward Stock Performance

NYSE:HAYW opened at $12.84 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.45 and a quick ratio of 1.09. The business has a fifty day simple moving average of $10.18 and a two-hundred day simple moving average of $10.55. Hayward Holdings, Inc. has a 1 year low of $7.97 and a 1 year high of $20.13. The company has a market capitalization of $2.71 billion, a P/E ratio of 13.52 and a beta of 0.59.

Hayward (NYSE:HAYWGet Rating) last released its earnings results on Tuesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Hayward had a return on equity of 20.10% and a net margin of 16.13%. The business had revenue of $245.27 million during the quarter, compared to the consensus estimate of $242.11 million. On average, analysts expect that Hayward Holdings, Inc. will post 0.98 earnings per share for the current year.

About Hayward

(Get Rating)

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

Institutional Ownership by Quarter for Hayward (NYSE:HAYW)

Receive News & Ratings for Hayward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hayward and related companies with MarketBeat.com's FREE daily email newsletter.