Tidal Investments LLC Makes New $216,000 Investment in Hayward Holdings, Inc. (NYSE:HAYW)

Tidal Investments LLC bought a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,089 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of Hayward by 2,710.1% during the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after purchasing an additional 2,141 shares in the last quarter. Innealta Capital LLC bought a new position in Hayward during the 2nd quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new position in shares of Hayward in the third quarter worth $43,000. True Wealth Design LLC bought a new position in shares of Hayward during the third quarter valued at about $44,000. Finally, nVerses Capital LLC bought a new position in Hayward during the 2nd quarter valued at approximately $64,000.

Insider Activity

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at $4,170,927.33. This represents a 22.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.

Analysts Set New Price Targets

HAYW has been the subject of several research analyst reports. Stifel Nicolaus raised their target price 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. Robert W. Baird lifted their target price on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. 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. Finally, KeyCorp raised their price target on shares of Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.80.

Hayward Trading Down 0.6 %

Shares of NYSE:HAYW opened at $15.45 on Thursday. The stock’s 50-day simple moving average is $15.87 and its two-hundred day simple moving average is $14.55. Hayward Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 2.28 and a beta of 1.16.

Hayward (NYSE:HAYW) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $227.57 million for the quarter, compared to the consensus estimate of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. Hayward’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Analysts expect that Hayward Holdings, Inc. will post 0.61 EPS for the current 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.