Heartland Advisors Inc. Decreases Stock Holdings in Hayward Holdings, Inc. $HAYW

Heartland Advisors Inc. cut its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 14.6% during the third quarter, Holdings Channel.com reports. The firm owned 402,163 shares of the company’s stock after selling 68,798 shares during the quarter. Heartland Advisors Inc.’s holdings in Hayward were worth $6,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAYW. Covestor Ltd boosted its position in Hayward by 10,452.9% during the third quarter. Covestor Ltd now owns 1,794 shares of the company’s stock worth $27,000 after purchasing an additional 1,777 shares in the last quarter. Steph & Co. acquired a new position in Hayward in the third quarter valued at $41,000. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 2,814 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Hayward by 19.3% during the 3rd quarter. Harbor Investment Advisory LLC now owns 7,842 shares of the company’s stock worth $119,000 after buying an additional 1,271 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in Hayward during the second quarter worth about $146,000.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 60,571 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $16.13, for a total transaction of $977,010.23. Following the completion of the sale, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $10,057,700.20. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 165,350 shares of company stock worth $2,655,570 over the last quarter. 5.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a report on Monday, December 29th. Zacks Research downgraded Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.00.

Hayward Trading Down 1.3%

Hayward stock opened at $16.50 on Wednesday. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $17.73. The firm’s 50 day moving average price is $16.22 and its two-hundred day moving average price is $15.90. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.31 and a current ratio of 3.18.

About Hayward

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.