Hayward Holdings, Inc. (NYSE:HAYW) Short Interest Update

Hayward Holdings, Inc. (NYSE:HAYW) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 12,550,000 shares, a decrease of 8.1% from the September 30th total of 13,650,000 shares. Approximately 5.9% of the company’s shares are short sold. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is currently 7.5 days.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,470,797.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in shares of Hayward by 241.0% in the first quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock valued at $9,312,000 after buying an additional 429,851 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Hayward during the 1st quarter worth approximately $952,000. Victory Capital Management Inc. lifted its holdings in Hayward by 4.6% during 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 during the last quarter. Edgestream Partners L.P. acquired a new stake in Hayward during the 1st quarter worth approximately $1,195,000. Finally, Vanguard Group Inc. lifted its holdings in Hayward by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock worth $225,902,000 after purchasing an additional 51,488 shares during the last quarter.

Hayward Stock Down 2.1 %

NYSE HAYW traded down $0.35 during trading hours on Thursday, hitting $16.26. 3,244,201 shares of the company traded hands, compared to its average volume of 1,467,414. The business’s 50-day moving average is $14.81 and its 200-day moving average is $14.04. Hayward has a twelve month low of $9.80 and a twelve month high of $16.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.68 and a current ratio of 2.59. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 2.50 and a beta of 1.21.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The firm had revenue of $227.57 million during the quarter, compared to analysts’ expectations of $222.88 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Hayward will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

HAYW has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price target on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus increased their price target on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday. Robert W. Baird increased their price target on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, KeyCorp upped their price objective on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Hayward currently has an average rating of “Hold” and an average price target 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.