Hayward Holdings, Inc. (NYSE:HAYW) Shares Bought by State Street Corp

State Street Corp lifted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,355,277 shares of the company’s stock after buying an additional 341,424 shares during the quarter. State Street Corp owned about 2.02% of Hayward worth $66,810,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. WCM Investment Management LLC lifted its position in Hayward by 2.2% in the third quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock valued at $31,152,000 after acquiring an additional 43,222 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Hayward by 4.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after purchasing an additional 222,311 shares during the last quarter. MSD Capital L P acquired a new stake in shares of Hayward in the 3rd quarter valued at about $418,901,000. Charles Schwab Investment Management Inc. grew its stake in Hayward by 24.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company’s stock worth $19,417,000 after buying an additional 251,788 shares during the last quarter. Finally, Michael & Susan Dell Foundation acquired a new position in Hayward during the third quarter worth approximately $39,646,000.

Insider Activity

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the business’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 sale, the chief financial officer now directly owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin Holleran sold 100,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 owns 522,799 shares in the company, valued at $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HAYW. Stifel Nicolaus increased their price objective on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group lifted their price objective 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. KeyCorp increased 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. Finally, Robert W. Baird boosted their price target on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.80.

Hayward Stock Down 0.7 %

Shares of Hayward stock opened at $16.08 on Wednesday. Hayward Holdings, Inc. has a one year low of $11.81 and a one year high of $16.87. The company has a market cap of $3.46 billion, a P/E ratio of 38.29, a PEG ratio of 2.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The firm has a fifty day moving average of $15.81 and a two-hundred day moving average of $14.48.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (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 firm had revenue of $227.57 million during the quarter, compared to analysts’ expectations of $222.88 million. During the same period in the prior year, the company posted $0.08 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts forecast that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

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.