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

CIBC Asset Management Inc increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 5.4% in the third quarter, HoldingsChannel reports. The firm 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 filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Innealta Capital LLC bought a new position in Hayward during the second quarter worth about $30,000. Blue Trust Inc. increased 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 valued at $34,000 after acquiring an additional 2,141 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Hayward during the third quarter valued at approximately $43,000. nVerses Capital LLC bought a new stake in Hayward during the second quarter worth $64,000. Finally, Quest Partners LLC boosted its holdings in shares of Hayward by 217.7% in the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after purchasing an additional 5,420 shares in the last quarter.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction that occurred 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 directly owns 522,799 shares of the company’s stock, valued at $7,470,797.71. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $1,208,250.00. Following the completion of the sale, the chief financial officer now owns 258,903 shares in the company, valued at $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,857 shares of company stock valued at $3,416,677 over the last 90 days. 3.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HAYW has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, October 28th. KeyCorp boosted their target price on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird upped their price objective on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.80.

Hayward Price Performance

Hayward stock opened at $16.06 on Friday. The company has a market capitalization of $3.46 billion, a PE ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $15.34 and a two-hundred day moving average price of $14.30. Hayward Holdings, Inc. has a 12 month low of $11.54 and a 12 month high of $16.87.

Hayward (NYSE:HAYW) last posted its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $227.57 million for the quarter, compared to the consensus estimate of $222.88 million. During the same period last year, the company earned $0.08 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. 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.