Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 12.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 44,134 shares of the company’s stock after selling 6,084 shares during the period. Amalgamated Bank’s holdings in Hayward were worth $677,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC boosted its holdings in shares of Hayward by 241.0% during the first quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock worth $9,312,000 after purchasing an additional 429,851 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Hayward in the first quarter valued at $952,000. Victory Capital Management Inc. boosted its holdings in Hayward by 4.6% in the second quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after acquiring an additional 222,311 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Hayward by 0.4% in the first quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock valued at $225,902,000 after acquiring an additional 51,488 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Hayward in the first quarter valued at $1,195,000.

Hayward Trading Up 2.0 %

NYSE:HAYW opened at $16.06 on Friday. The business’s 50-day moving average is $15.13 and its two-hundred day moving average is $14.23. 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 Holdings, Inc. has a 12 month low of $11.48 and a 12 month high of $16.87. The firm has a market capitalization of $3.46 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19.

Hayward (NYSE:HAYW) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business had revenue of $227.57 million for the quarter, compared to analyst estimates of $222.88 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts predict that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction dated 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 sale, the chief financial officer now directly owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,857 shares of company stock valued at $3,416,677. 3.25% of the stock is currently owned by insiders.

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.