The Manufacturers Life Insurance Company Sells 1,743,244 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

The Manufacturers Life Insurance Company lessened its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 98.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,130 shares of the company’s stock after selling 1,743,244 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Hayward were worth $493,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in Hayward in the 3rd quarter valued at about $556,000. Cerity Partners LLC bought a new position in Hayward in the 3rd quarter valued at about $706,000. Charles Schwab Investment Management Inc. lifted its position in Hayward by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company’s stock valued at $19,417,000 after acquiring an additional 251,788 shares in the last quarter. Quest Partners LLC lifted its position in Hayward by 187.0% in the 3rd quarter. Quest Partners LLC now owns 22,703 shares of the company’s stock valued at $348,000 after acquiring an additional 14,793 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Hayward by 6.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 111,499 shares of the company’s stock valued at $1,710,000 after acquiring an additional 6,264 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HAYW shares. Robert W. Baird raised their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. KeyCorp increased their price objective 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. Stifel Nicolaus increased their price objective on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group increased their price objective on shares of 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.80.

Hayward Trading Down 1.6 %

NYSE:HAYW opened at $16.25 on Friday. 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 stock has a market capitalization of $3.50 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The firm’s 50 day moving average is $15.75 and its 200 day moving average is $14.46. Hayward Holdings, Inc. has a 12 month low of $11.81 and a 12 month high of $16.87.

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

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 100,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $8,343,872.04. The trade was a 16.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Eifion Jones sold 75,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 258,903 shares in the company, valued at $4,170,927.33. The trade was a 22.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.

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.