Barclays PLC Cuts Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Barclays PLC cut its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 38.0% in the 3rd quarter, Holdings Channel reports. The fund owned 83,628 shares of the company’s stock after selling 51,157 shares during the period. Barclays PLC’s holdings in Hayward were worth $1,283,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in Hayward by 2,710.1% in 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 stake in shares of Hayward during the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in Hayward during the third quarter worth approximately $43,000. True Wealth Design LLC bought a new stake in Hayward during the third quarter worth approximately $44,000. Finally, nVerses Capital LLC bought a new stake in Hayward during the second quarter worth approximately $64,000.

Hayward Stock Performance

Shares of HAYW stock opened at $15.44 on Friday. The company has a market capitalization of $3.33 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The company’s 50 day moving average price is $15.87 and its two-hundred day moving average price is $14.58. 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.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm 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%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, analysts expect that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.96, for a total value 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 approximately $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the completion of the transaction, the chief financial officer now owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. This trade 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 currently owned by insiders.

Analyst Ratings Changes

HAYW has been the topic of several research reports. Stifel Nicolaus upped their price target on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday, October 28th. Robert W. Baird boosted their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. KeyCorp boosted their price target on shares of Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price target on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Hayward currently has an average rating of “Hold” and an average target price of $16.80.

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.