Thrivent Financial for Lutherans Cuts Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Thrivent Financial for Lutherans cut its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,898 shares of the company’s stock after selling 1,601 shares during the period. Thrivent Financial for Lutherans’ holdings in Hayward were worth $1,680,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in Hayward during the third quarter valued at approximately $44,000. Blue Trust Inc. lifted its holdings in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in Hayward by 98.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after purchasing an additional 2,524 shares during the period. KBC Group NV increased its holdings in Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock valued at $156,000 after purchasing an additional 2,062 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAYW. Stifel Nicolaus raised Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price for the company in a research report on Wednesday, February 5th. Robert W. Baird increased their price objective on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.25% of the company’s stock.

Hayward Price Performance

Shares of NYSE HAYW opened at $13.74 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $16.87. The business has a 50 day moving average price of $14.49 and a two-hundred day moving average price of $15.06. The firm has a market cap of $2.97 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $327.08 million during the quarter, compared to the consensus estimate of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 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.