Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,643,877 shares of the company’s stock after selling 972,387 shares during the quarter. JPMorgan Chase & Co. owned 3.55% of Hayward worth $117,257,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HAYW. WCM Investment Management LLC grew its holdings in shares of 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 acquiring an additional 43,222 shares during the last quarter. Victory Capital Management Inc. increased its stake in Hayward by 4.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock worth $62,616,000 after purchasing an additional 222,311 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hayward by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,232,773 shares of the company’s stock worth $34,260,000 after buying an additional 165,369 shares during the period. State Street Corp lifted its stake in 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 in the last quarter. Finally, MSD Capital L P acquired a new position in shares of Hayward in the third quarter worth about $418,901,000.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. This represents a 22.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $1,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $8,343,872.04. The trade was 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.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HAYW shares. Robert W. Baird boosted their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased 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. KeyCorp lifted their price target on Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Hayward presently has an average rating of “Hold” and a consensus price target of $16.80.

Hayward Trading Up 0.1 %

Hayward stock opened at $15.29 on Thursday. 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 Holdings, Inc. has a 12 month low of $11.81 and a 12 month high of $16.87. The company’s fifty day simple moving average is $15.87 and its 200-day simple moving average is $14.62. The stock has a market cap of $3.29 billion, a P/E ratio of 36.40, a P/E/G ratio of 2.28 and a beta of 1.16.

Hayward (NYSE:HAYW) last issued its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $227.57 million for the quarter, compared to the consensus estimate of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.61 EPS for the current fiscal 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.