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

Hayward Holdings, Inc. (NYSE:HAYW) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 10,850,000 shares, a decrease of 13.5% from the October 15th total of 12,550,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the short-interest ratio is presently 6.1 days. Approximately 5.1% of the company’s stock are short sold.

Analyst Ratings Changes

HAYW has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Robert W. Baird boosted their target price on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. KeyCorp upped their target price on Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price objective on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.80.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $8,343,872.04. This represents a 16.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Eifion Jones sold 75,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,857 shares of company stock worth $3,416,677. Company insiders own 3.25% of the company’s stock.

Hedge Funds Weigh In On Hayward

A number of large investors have recently bought and sold shares of the company. Equitable Trust Co. increased its stake in shares of Hayward by 2.3% during the third quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock worth $519,000 after acquiring an additional 749 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hayward by 2.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock worth $352,000 after buying an additional 784 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Hayward by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 15,412 shares of the company’s stock valued at $236,000 after buying an additional 784 shares during the period. Arizona State Retirement System lifted its holdings in shares of Hayward by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock valued at $517,000 after buying an additional 887 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Hayward by 1.4% in the first quarter. Bessemer Group Inc. now owns 81,400 shares of the company’s stock valued at $1,246,000 after buying an additional 1,100 shares in the last quarter.

Hayward Stock Performance

Shares of NYSE:HAYW traded up $0.04 on Monday, reaching $16.10. The company’s stock had a trading volume of 1,685,300 shares, compared to its average volume of 1,513,477. 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 has a 52-week low of $11.54 and a 52-week high of $16.87. The stock’s 50-day moving average is $15.17 and its two-hundred day moving average is $14.26. The stock has a market capitalization of $3.47 billion, a P/E ratio of 38.33, a PEG ratio of 2.25 and a beta of 1.19.

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

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.