Quest Partners LLC Increases Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Quest Partners LLC increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 187.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,703 shares of the company’s stock after purchasing an additional 14,793 shares during the period. Quest Partners LLC’s holdings in Hayward were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Hayward by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 14,755,190 shares of the company’s stock valued at $225,902,000 after purchasing an additional 51,488 shares in the last quarter. Victory Capital Management Inc. grew its position in Hayward by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock worth $78,591,000 after purchasing an additional 32,514 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Hayward by 13.6% in the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after acquiring an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hayward by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock valued at $52,489,000 after acquiring an additional 469,124 shares in the last quarter. Finally, WCM Investment Management LLC boosted its holdings in shares of Hayward by 2.2% in the third 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.

Hayward Stock Performance

NYSE:HAYW opened at $16.40 on Tuesday. Hayward Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $16.87. The firm’s fifty day simple moving average is $15.39 and its 200 day simple moving average is $14.31. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $3.53 billion, a PE ratio of 39.05, a PEG ratio of 2.25 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on HAYW. KeyCorp increased their target price on shares of Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus increased their target price 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. Finally, Robert W. Baird increased their target price on shares of Hayward from $19.00 to $20.00 and gave the stock 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.80.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 trade represents a 16.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction dated 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 directly owns 258,903 shares of the company’s stock, valued at $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 217,857 shares of company stock worth $3,416,677 in the last ninety days. Insiders own 3.25% of the company’s stock.

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.