CIBC Asset Management Inc Has $236,000 Stake in Hayward Holdings, Inc. (NYSE:HAYW)

CIBC Asset Management Inc boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,412 shares of the company’s stock after buying an additional 784 shares during the period. CIBC Asset Management Inc’s holdings in Hayward were worth $236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jane Street Group LLC boosted its position in shares of Hayward by 241.0% during the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock valued at $9,312,000 after acquiring an additional 429,851 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Hayward during the first quarter valued at approximately $952,000. WCM Investment Management LLC raised its holdings in shares of Hayward by 2.2% in the 3rd quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock worth $31,152,000 after buying an additional 43,222 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Hayward by 4.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock worth $62,616,000 after buying an additional 222,311 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Hayward by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock valued at $225,902,000 after buying an additional 51,488 shares in the last quarter.

Analyst Ratings Changes

Several research firms have issued reports on HAYW. Robert W. Baird increased their price objective on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased 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. KeyCorp boosted 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. Finally, The Goldman Sachs Group raised their price objective on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a 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.com, Hayward has an average rating of “Hold” and an average target price of $16.80.

Hayward Stock Performance

Hayward stock opened at $16.06 on Friday. Hayward Holdings, Inc. has a 12-month low of $11.54 and a 12-month high of $16.87. The stock has a 50-day simple moving average of $15.34 and a 200 day simple moving average of $14.30. 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 stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.19.

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

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,470,797.71. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at $4,170,927.33. The trade was a 22.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,857 shares of company stock valued at $3,416,677. 3.25% of the stock is currently owned by corporate insiders.

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.