The Manufacturers Life Insurance Company Acquires 11,358 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

The Manufacturers Life Insurance Company grew its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,775,374 shares of the company’s stock after purchasing an additional 11,358 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.83% of Hayward worth $21,837,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Confluence Investment Management LLC bought a new position in shares of Hayward in the 1st quarter valued at about $3,606,000. Goldman Sachs Group Inc. boosted its stake in shares of Hayward by 24.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock valued at $34,363,000 after purchasing an additional 491,971 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of 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 purchasing an additional 429,851 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Hayward in the 1st quarter valued at about $952,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Hayward by 4.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after purchasing an additional 222,311 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $13.63, for a total value of $584,140.91. Following the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,125,750.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Susan M. Canning sold 5,028 shares of Hayward stock in a transaction that occurred on 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 in the company, valued at $950,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $13.63, for a total transaction of $584,140.91. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $7,125,750.37. The disclosure for this sale can be found here. Insiders have sold 90,742 shares of company stock worth $1,266,959 over the last ninety days. Insiders own 3.25% of the company’s stock.

Hayward Stock Performance

Shares of HAYW opened at $15.18 on Wednesday. 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 twelve month low of $9.80 and a twelve month high of $16.04. The firm’s 50 day moving average price is $14.28 and its two-hundred day moving average price is $13.96. The firm has a market cap of $3.26 billion, a P/E ratio of 42.15, a PEG ratio of 2.42 and a beta of 1.21.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, beating 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 firm had revenue of $284.39 million for the quarter, compared to analyst estimates of $282.60 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The business’s revenue was up .3% on a year-over-year basis. On average, analysts forecast that Hayward Holdings, Inc. will post 0.59 EPS for the current fiscal year.

Hayward Company 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.