Posted by admin on Aug 19th, 2022
Envestnet Asset Management Inc. grew its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW – Get Rating) by 32.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,767 shares of the company’s stock after buying an additional 32,069 shares during the period. Envestnet Asset Management Inc. owned 0.06% of Hayward worth $2,157,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Hayward by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 5,538,082 shares of the company’s stock valued at $145,263,000 after buying an additional 473,216 shares during the period. Alliancebernstein L.P. grew its stake in Hayward by 7.2% in the fourth quarter. Alliancebernstein L.P. now owns 4,625,944 shares of the company’s stock worth $121,339,000 after purchasing an additional 312,669 shares during the period. Noked Israel Ltd grew its stake in Hayward by 1.7% in the fourth quarter. Noked Israel Ltd now owns 3,179,650 shares of the company’s stock worth $83,402,000 after purchasing an additional 51,900 shares during the period. London Co. of Virginia purchased a new stake in Hayward in the fourth quarter worth $45,176,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Hayward in the first quarter worth $15,191,000. 90.96% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:HAYW opened at $12.10 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of 11.42 and a beta of 0.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.29 and a quick ratio of 1.28. Hayward Holdings, Inc. has a 1 year low of $10.48 and a 1 year high of $28.65. The stock’s fifty day moving average price is $13.50 and its 200-day moving average price is $15.52.
Hayward (NYSE:HAYW – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). The business had revenue of $399.40 million for the quarter, compared to the consensus estimate of $416.21 million. Hayward had a net margin of 16.81% and a return on equity of 22.11%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.99 earnings per share for the current year.
Several equities research analysts recently weighed in on the company. Robert W. Baird cut Hayward from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Thursday, July 14th. William Blair reissued an “outperform” rating on shares of Hayward in a report on Thursday, April 28th. The Goldman Sachs Group downgraded Hayward from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $13.00 in a report on Friday, July 29th. Morgan Stanley dropped their target price on Hayward from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, July 29th. Finally, KeyCorp dropped their target price on Hayward from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Hayward has an average rating of “Hold” and an average target price of $19.14.
In other Hayward news, VP Fernando Blasco sold 45,050 shares of the stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $14.51, for a total value of $653,675.50. Following the transaction, the vice president now owns 10,928 shares of the company’s stock, valued at $158,565.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Hayward news, VP Fernando Blasco sold 45,050 shares of the stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $14.51, for a total value of $653,675.50. Following the transaction, the vice president now owns 10,928 shares of the company’s stock, valued at $158,565.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eifion Jones sold 140,501 shares of the company’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $13.89, for a total value of $1,951,558.89. Following the completion of the sale, the chief financial officer now owns 175,282 shares of the company’s stock, valued at approximately $2,434,666.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,492 shares of company stock valued at $2,635,190. 3.10% of the stock is owned by company insiders.
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 a range of pool equipment, including pumps, filters, robotic, suction and pressure cleaners, heaters, water features and landscape lighting, salt chlorine generators, safety equipment, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.
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