Oppenheimer Asset Management Inc. Has $574,000 Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 142.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,418 shares of the company’s stock after purchasing an additional 22,003 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hayward were worth $574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Equitable Trust Co. increased its position in Hayward by 2.3% during the third quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock worth $519,000 after buying an additional 749 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hayward by 2.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock valued at $352,000 after acquiring an additional 784 shares in the last quarter. Arizona State Retirement System lifted its holdings in Hayward by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock worth $517,000 after purchasing an additional 887 shares during the last quarter. Bessemer Group Inc. grew its holdings in Hayward by 1.4% during the first quarter. Bessemer Group Inc. now owns 81,400 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Hayward by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company’s stock valued at $785,000 after purchasing an additional 1,400 shares during the last quarter.

Wall Street Analysts Forecast Growth

HAYW has been the topic of a number of research analyst reports. 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. KeyCorp lifted their price objective on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their target price on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group lifted their price target on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.80.

Hayward Trading Down 1.1 %

Shares of HAYW opened at $15.93 on Wednesday. The stock’s 50-day moving average price is $15.21 and its 200 day moving average price is $14.27. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 37.93, a P/E/G ratio of 2.25 and a beta of 1.19. Hayward Holdings, Inc. has a 12-month low of $11.54 and a 12-month high of $16.87.

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

Insider Activity

In other news, CFO Eifion Jones sold 75,000 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,470,797.71. This trade represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,857 shares of company stock worth $3,416,677. Corporate insiders own 3.25% of the company’s stock.

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.