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

Oppenheimer Asset Management Inc. grew its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 142.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,418 shares of the company’s stock after buying an additional 22,003 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hayward were worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HAYW. Jane Street Group LLC increased its position in Hayward by 241.0% in 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 shares of Hayward in the first quarter valued at approximately $952,000. WCM Investment Management LLC raised its position in 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 purchasing an additional 43,222 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in 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 in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 during the last quarter.

Wall Street Analyst Weigh In

HAYW has been the subject of a number of recent research reports. KeyCorp boosted their target price on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their price objective on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of 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 boosted their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Four research 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 company presently has a consensus rating of “Hold” and a consensus price target of $16.80.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 100,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 258,903 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 217,857 shares of company stock worth $3,416,677. Corporate insiders own 3.25% of the company’s stock.

Hayward Stock Performance

Shares of HAYW stock opened at $15.93 on Wednesday. The stock has a market cap of $3.43 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.19. The stock has a 50-day moving average of $15.21 and a 200-day moving average of $14.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a one year low of $11.54 and a one year 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 the consensus estimate of $0.10 by $0.01. The firm had revenue of $227.57 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, sell-side analysts expect that Hayward Holdings, Inc. will post 0.61 earnings per share 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.