UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 878,705 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 18.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,637,305 shares of the company’s stock after buying an additional 878,705 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.62% of Hayward worth $86,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Equitable Trust Co. grew its stake in Hayward by 2.3% in the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock valued at $519,000 after buying an additional 749 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hayward by 2.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock valued at $352,000 after purchasing an additional 784 shares during the period. CIBC Asset Management Inc grew its holdings in Hayward by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 15,412 shares of the company’s stock valued at $236,000 after buying an additional 784 shares during the last quarter. Arizona State Retirement System increased its position in Hayward by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock worth $517,000 after buying an additional 887 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Hayward by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company’s stock worth $785,000 after buying an additional 1,400 shares during the last quarter.

Hayward Trading Down 1.1 %

Shares of Hayward stock opened at $15.99 on Tuesday. The company’s fifty day moving average price is $15.52 and its two-hundred day moving average price is $14.35. The firm has a market capitalization of $3.44 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19. Hayward Holdings, Inc. has a 52-week low of $11.81 and a 52-week 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 posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm 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 company’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. On average, analysts expect that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 100,000 shares of Hayward stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.96, for a total value of $1,596,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eifion Jones sold 75,000 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 3.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on HAYW. Stifel Nicolaus raised their price objective on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. KeyCorp boosted their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” 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 company a “neutral” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price target on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.80.

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.