Geode Capital Management LLC Raises Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Geode Capital Management LLC raised its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,232,773 shares of the company’s stock after acquiring an additional 165,369 shares during the period. Geode Capital Management LLC owned about 1.04% of Hayward worth $34,260,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. WCM Investment Management LLC grew its holdings in shares of Hayward by 2.2% during the 3rd quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock valued at $31,152,000 after purchasing an additional 43,222 shares during the last quarter. Victory Capital Management Inc. boosted its position in Hayward by 4.6% during the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after buying an additional 222,311 shares during the period. State Street Corp grew its stake in shares of Hayward by 8.5% during the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after buying an additional 341,424 shares during the last quarter. MSD Capital L P purchased a new position in shares of Hayward in the third quarter worth about $418,901,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Hayward by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company’s stock valued at $19,417,000 after acquiring an additional 251,788 shares during the last quarter.

Insider Transactions at Hayward

In related news, CFO Eifion Jones sold 75,000 shares of the business’s 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 sale, the chief financial officer now owns 258,903 shares of the company’s stock, valued at $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin Holleran sold 100,000 shares of the firm’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 transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $8,343,872.04. This represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.25% of the company’s stock.

Hayward Stock Performance

Shares of HAYW stock opened at $15.45 on Thursday. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 2.28 and a beta of 1.16. The stock has a fifty day moving average of $15.87 and a 200 day moving average of $14.55. Hayward Holdings, Inc. has a 52 week low of $11.81 and a 52 week high of $16.87. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW) last posted its earnings results on Tuesday, October 29th. The company reported $0.11 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 last year, the company posted $0.08 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HAYW shares. Stifel Nicolaus raised their price target on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. 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. 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 report on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a 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 currently has a consensus rating of “Hold” and an average target price of $16.80.

Hayward Company 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.