Ieq Capital LLC Boosts Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Ieq Capital LLC boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 1,366.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,991 shares of the company’s stock after purchasing an additional 275,813 shares during the quarter. Ieq Capital LLC owned approximately 0.14% of Hayward worth $4,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CIBC Asset Management Inc increased its holdings in Hayward by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 16,236 shares of the company’s stock worth $248,000 after purchasing an additional 824 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Hayward by 23.3% during the 4th quarter. Sanctuary Advisors LLC now owns 23,633 shares of the company’s stock valued at $361,000 after acquiring an additional 4,466 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Hayward by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 689,480 shares of the company’s stock valued at $10,542,000 after acquiring an additional 21,084 shares in the last quarter. Blue Trust Inc. raised its position in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in shares of Hayward during the 4th quarter valued at approximately $1,027,000.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the 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 sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HAYW has been the topic of several research reports. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. The Goldman Sachs Group upped their price target on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus raised Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their price target on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th.

Hayward Price Performance

Shares of NYSE HAYW opened at $14.27 on Friday. Hayward Holdings, Inc. has a 1-year low of $11.96 and a 1-year high of $16.87. 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 business’s fifty day moving average price is $14.92 and its two-hundred day moving average price is $15.06. The firm has a market capitalization of $3.07 billion, a PE ratio of 33.96, a P/E/G ratio of 1.90 and a beta of 1.16.

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.