State Street Corp Increases Position in Hayward Holdings, Inc. (NYSE:HAYW)

State Street Corp boosted its position in Hayward Holdings, Inc. (NYSE:HAYW) by 8.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,355,277 shares of the company’s stock after acquiring an additional 341,424 shares during the period. State Street Corp’s holdings in Hayward were worth $66,810,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HAYW. MSD Capital L P acquired a new position in shares of Hayward during the 3rd quarter valued at about $418,901,000. Michael & Susan Dell Foundation purchased a new position in Hayward during the third quarter worth approximately $39,646,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hayward by 18.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock valued at $86,476,000 after purchasing an additional 878,705 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Hayward by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after buying an additional 558,227 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hayward by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after buying an additional 469,124 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eifion Jones sold 75,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the sale, the chief financial officer now directly owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. This 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 company insiders.

Wall Street Analyst Weigh In

HAYW has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. KeyCorp boosted their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Robert W. Baird raised 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, Stifel Nicolaus upped their price target on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. 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 has a consensus rating of “Hold” and an average price target of $16.80.

Hayward Stock Down 0.7 %

Shares of NYSE HAYW opened at $16.08 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. Hayward Holdings, Inc. has a 1 year low of $11.81 and a 1 year high of $16.87. The stock’s 50-day simple moving average is $15.81 and its 200-day simple moving average is $14.48. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 2.28 and a beta of 1.16.

Hayward (NYSE:HAYW) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company had revenue of $227.57 million for the quarter, compared to analyst estimates of $222.88 million. During the same period in the prior year, the company posted $0.08 EPS. Hayward’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

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.