Barclays PLC Sells 51,157 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Barclays PLC lowered its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 38.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,628 shares of the company’s stock after selling 51,157 shares during the quarter. Barclays PLC’s holdings in Hayward were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. DF Dent & Co. Inc. purchased a new stake in Hayward in the third quarter valued at about $12,129,000. Wellington Management Group LLP purchased a new position in shares of Hayward in the third quarter worth about $20,391,000. Weiss Asset Management LP raised its stake in shares of Hayward by 515.0% in the third quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company’s stock worth $19,731,000 after purchasing an additional 1,077,117 shares during the last quarter. State Street Corp raised its stake in shares of Hayward by 8.5% in the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock worth $66,810,000 after purchasing an additional 341,424 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Hayward by 9.6% in the third quarter. Systematic Financial Management LP now owns 1,397,065 shares of the company’s stock worth $21,431,000 after purchasing an additional 122,650 shares during the last quarter.

Hayward Trading Down 1.0 %

NYSE:HAYW opened at $15.44 on Friday. The stock has a 50-day simple moving average of $15.87 and a 200-day simple moving average of $14.58. The stock has a market cap of $3.33 billion, a P/E ratio of 36.76, a P/E/G ratio of 2.28 and a beta of 1.16. Hayward Holdings, Inc. has a 1 year low of $11.81 and a 1 year high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm 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 firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. As a group, analysts anticipate that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 100,000 shares of the firm’s stock in a transaction 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 trade represents a 16.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eifion Jones sold 75,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at $4,170,927.33. This trade represents a 22.46 % 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.

Analysts Set New Price Targets

Several analysts recently commented on HAYW shares. Stifel Nicolaus raised their target price on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group raised their price objective on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their price target on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, KeyCorp lifted their price target on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.80.

Hayward 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.