Choreo LLC Invests $343,000 in Hayward Holdings, Inc. (NYSE:HAYW)

Choreo LLC bought a new stake in Hayward Holdings, Inc. (NYSE:HAYW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,251 shares of the company’s stock, valued at approximately $343,000.

Several other large investors have also recently added to or reduced their stakes in HAYW. Quest Partners LLC increased its stake in shares of Hayward by 217.7% during the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after acquiring an additional 5,420 shares during the last quarter. Arizona State Retirement System grew its holdings in Hayward by 2.2% in the second quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock valued at $517,000 after purchasing an additional 887 shares during the period. Victory Capital Management Inc. raised its stake in Hayward by 4.6% during the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock worth $62,616,000 after purchasing an additional 222,311 shares during the period. Mesirow Institutional Investment Management Inc. boosted its holdings in shares of Hayward by 1.6% in the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 850,722 shares of the company’s stock valued at $10,464,000 after purchasing an additional 13,277 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Hayward by 7.9% in the 2nd quarter. Natixis Advisors LLC now owns 20,078 shares of the company’s stock valued at $247,000 after purchasing an additional 1,462 shares during the last quarter.

Hayward Price Performance

HAYW stock opened at $14.15 on Wednesday. The firm has a market cap of $3.04 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.68 and a current ratio of 2.59. Hayward Holdings, Inc. has a 1 year low of $9.80 and a 1 year high of $16.04. The stock has a 50-day simple moving average of $13.88 and a 200-day simple moving average of $13.91.

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

Insider Buying and Selling

In other news, SVP Susan M. Canning sold 5,028 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 67,904 shares in the company, valued at $950,656. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hayward news, SVP Susan M. Canning sold 5,028 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the transaction, 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 accessible through the SEC website. Also, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $12.13, for a total transaction of $519,855.41. Following the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $6,341,551.87. The disclosure for this sale can be found here. Insiders have sold 133,599 shares of company stock valued at $1,786,815 in the last quarter. Company insiders own 3.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group cut their target price on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Robert W. Baird raised their price objective on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. KeyCorp reduced their price objective on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Stifel Nicolaus raised their price target on shares of Hayward from $15.00 to $15.50 and gave the company a “hold” rating in a report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Hayward presently has a consensus rating of “Hold” and a consensus price target of $15.50.

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.