Raymond James & Associates Raises Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Raymond James & Associates grew its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,981 shares of the company’s stock after purchasing an additional 2,746 shares during the quarter. Raymond James & Associates’ holdings in Hayward were worth $1,230,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Diversified Trust Co grew its holdings in shares of Hayward by 4.4% during the second quarter. Diversified Trust Co now owns 54,470 shares of the company’s stock worth $670,000 after purchasing an additional 2,289 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Hayward by 32.8% during the second quarter. SG Americas Securities LLC now owns 52,972 shares of the company’s stock worth $652,000 after buying an additional 13,091 shares during the last quarter. Jane Street Group LLC increased its position in Hayward by 241.0% in the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock valued at $9,312,000 after acquiring an additional 429,851 shares during the period. Bayesian Capital Management LP purchased a new stake in Hayward during the 1st quarter valued at approximately $952,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Hayward by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,048 shares of the company’s stock worth $996,000 after acquiring an additional 4,158 shares during the period.

Analyst Ratings Changes

HAYW has been the topic of a number of recent research reports. Robert W. Baird upped their price target on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. KeyCorp cut their price objective on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. The Goldman Sachs Group lowered their target price on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus increased their price target on shares of Hayward from $15.00 to $15.50 and gave the stock a “hold” rating in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Hayward currently has an average rating of “Hold” and a consensus price target of $15.50.

Insider Activity at Hayward

In related news, SVP Susan M. Canning sold 5,028 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total value of $70,392.00. Following the sale, the senior vice president now directly owns 67,904 shares of the company’s stock, valued at approximately $950,656. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total value of $612,426.53. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $7,470,797.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Susan M. Canning sold 5,028 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the transaction, the senior vice president now owns 67,904 shares in the company, valued at $950,656. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,599 shares of company stock valued at $1,786,815. Insiders own 3.25% of the company’s stock.

Hayward Stock Performance

NYSE:HAYW opened at $14.18 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.71. Hayward Holdings, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $16.04. The stock has a market cap of $3.05 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 2.44 and a beta of 1.21. The firm’s fifty day simple moving average is $13.61 and its 200-day simple moving average is $13.86.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The business had revenue of $284.39 million for the quarter, compared to analysts’ expectations of $282.60 million. During the same period in the prior year, the company posted $0.19 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Hayward Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Hayward 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.