True Wealth Design LLC Purchases Shares of 2,858 Hayward Holdings, Inc. (NYSE:HAYW)

True Wealth Design LLC purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,858 shares of the company’s stock, valued at approximately $44,000.

Several other institutional investors also recently modified their holdings of HAYW. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Hayward by 18.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock valued at $86,476,000 after purchasing an additional 878,705 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Hayward by 0.6% in the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock valued at $78,591,000 after buying an additional 32,514 shares during the period. American Century Companies Inc. boosted its holdings in shares of Hayward by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after buying an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hayward by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after buying an additional 469,124 shares during the period. Finally, WCM Investment Management LLC increased its stake in shares of Hayward by 2.2% in the 3rd quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock valued at $31,152,000 after acquiring an additional 43,222 shares in the last quarter.

Insiders Place Their Bets

In other Hayward news, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the transaction, the chief financial officer now owns 258,903 shares of the company’s stock, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.96, for a total value of $1,596,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $8,343,872.04. The trade was a 16.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,857 shares of company stock valued at $3,416,677 in the last three months. 3.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on HAYW. The Goldman Sachs Group raised their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. KeyCorp upped 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. Finally, 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, October 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.80.

Hayward Trading Down 0.1 %

HAYW opened at $16.16 on Monday. Hayward Holdings, Inc. has a fifty-two week low of $11.55 and a fifty-two week high of $16.87. The firm has a market capitalization of $3.48 billion, a PE ratio of 38.48, a P/E/G ratio of 2.26 and a beta of 1.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The company’s 50-day moving average is $15.52 and its 200 day moving average is $14.35.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

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.