Confluence Investment Management LLC Has $3.31 Million Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Confluence Investment Management LLC decreased its position in Hayward Holdings, Inc. (NYSE:HAYW) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 216,520 shares of the company’s stock after selling 2,581 shares during the quarter. Confluence Investment Management LLC owned 0.10% of Hayward worth $3,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HAYW. Principal Financial Group Inc. increased its holdings in shares of Hayward by 7.2% during the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock worth $10,253,000 after buying an additional 44,978 shares in the last quarter. Tidal Investments LLC acquired a new stake in Hayward during the 3rd quarter valued at $216,000. Sanctuary Advisors LLC bought a new position in Hayward in the 3rd quarter valued at $308,000. Virtu Financial LLC acquired a new position in Hayward in the third quarter worth $306,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Hayward during the third quarter worth $260,000.

Hayward Stock Down 0.7 %

Shares of NYSE:HAYW opened at $15.18 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.28 and a beta of 1.16. The company has a 50 day moving average of $15.87 and a 200-day moving average of $14.62. Hayward Holdings, Inc. has a one year low of $11.81 and a one year high of $16.87.

Hayward (NYSE:HAYW) last released its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $227.57 million during 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%. The business’s quarterly 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 EPS. On average, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted 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. KeyCorp boosted their target price on shares of 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 increased 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 boosted 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.80.

Insider Buying and Selling

In related news, CFO Eifion Jones sold 75,000 shares of Hayward 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 transaction, the chief financial officer now owns 258,903 shares of the company’s stock, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $8,343,872.04. The trade was a 16.06 % decrease in their position. The disclosure for this sale can be found here. 3.25% of the stock is owned by insiders.

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.