Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 330,913 shares of the company’s stock after selling 3,251 shares during the period. Rhumbline Advisers owned approximately 0.15% of Hayward worth $5,060,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HAYW. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 2,141 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Hayward during the third quarter valued at $43,000. True Wealth Design LLC purchased a new stake in Hayward during the 3rd quarter worth about $44,000. Harbor Investment Advisory LLC raised its stake in Hayward by 98.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $78,000 after purchasing an additional 2,524 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after purchasing an additional 2,283 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on HAYW. Stifel Nicolaus upgraded shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target for the company in a report on Wednesday, February 5th. KeyCorp restated a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th.

Hayward Stock Up 2.8 %

Shares of NYSE:HAYW opened at $14.78 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 1.87 and a beta of 1.16. The stock’s 50-day moving average price is $14.81 and its two-hundred day moving average price is $15.07. Hayward Holdings, Inc. has a 12-month low of $11.96 and a 12-month high of $16.87.

Hayward (NYSE:HAYW) last released its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $327.08 million during the quarter, compared to the consensus estimate of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. On average, research analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.25% of the company’s stock.

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.