Hayward Holdings, Inc. (NYSE:HAYW) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 151.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,965 shares of the company’s stock after purchasing an additional 42,195 shares during the quarter. SG Americas Securities LLC’s holdings in Hayward were worth $1,070,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. WCM Investment Management LLC increased its stake in shares of Hayward by 2.2% during the third quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock worth $31,152,000 after buying an additional 43,222 shares during the period. Geode Capital Management LLC grew 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 acquiring an additional 165,369 shares in the last quarter. State Street Corp increased its position in shares of Hayward by 8.5% in the 3rd quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after purchasing an additional 341,424 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Hayward by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock valued at $10,253,000 after purchasing an additional 44,978 shares during the last quarter. Finally, MSD Capital L P acquired a new stake in shares of Hayward in the 3rd quarter valued at $418,901,000.

Analyst Upgrades and Downgrades

HAYW has been the subject of a number of analyst reports. Stifel Nicolaus boosted their target price on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group upped their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Finally, Robert W. Baird upped their price target on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

Hayward Stock Performance

NYSE HAYW opened at $15.12 on Wednesday. The company has a market capitalization of $3.26 billion, a PE ratio of 35.99, a P/E/G ratio of 1.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a 1 year low of $11.96 and a 1 year high of $16.87. The company has a fifty day moving average of $15.50 and a two-hundred day moving average of $14.94.

Hayward (NYSE:HAYW) last posted its quarterly earnings data 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 during 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 company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. As a group, analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eifion Jones sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the sale, the chief financial officer now directly owns 258,903 shares of the company’s stock, valued at $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.25% of the stock is owned by company 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.