Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,075 shares of the company’s stock after selling 1,624 shares during the quarter. US Bancorp DE’s holdings in Hayward were worth $109,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Innealta Capital LLC bought a new stake in shares of Hayward in the 2nd quarter worth about $30,000. Blue Trust Inc. increased its holdings 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 buying an additional 2,141 shares during the last quarter. nVerses Capital LLC acquired a new stake in Hayward during the second quarter valued at approximately $64,000. Quest Partners LLC lifted its holdings in Hayward by 217.7% during the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock worth $97,000 after buying an additional 5,420 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Hayward in the 2nd quarter worth approximately $171,000.

Analyst Upgrades and Downgrades

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

Hayward Trading Up 2.0 %

Shares of HAYW stock opened at $16.06 on Friday. The firm has a market capitalization of $3.46 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. Hayward Holdings, Inc. has a 1 year low of $11.48 and a 1 year high of $16.87. The firm’s fifty day simple moving average is $15.13 and its 200 day simple moving average is $14.24. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW) last issued its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $227.57 million for 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 firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. As a group, sell-side analysts predict that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Insider Activity at Hayward

In other news, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction that occurred on 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction dated 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 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. This trade represents a 22.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,857 shares of company stock valued at $3,416,677. 3.25% of the stock is owned by corporate insiders.

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.