Geode Capital Management LLC Boosts Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Geode Capital Management LLC increased its position in Hayward Holdings, Inc. (NYSE:HAYW) by 8.0% during the third quarter, HoldingsChannel.com reports. The firm owned 2,232,773 shares of the company’s stock after acquiring an additional 165,369 shares during the quarter. Geode Capital Management LLC’s holdings in Hayward were worth $34,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC grew its holdings in shares of Hayward by 2.2% during the third quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock valued at $31,152,000 after buying an additional 43,222 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Hayward by 4.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after purchasing an additional 222,311 shares during the last quarter. State Street Corp increased its holdings in shares of Hayward by 8.5% in the 3rd quarter. State Street Corp now owns 4,355,277 shares of the company’s stock worth $66,810,000 after purchasing an additional 341,424 shares in the last quarter. MSD Capital L P purchased a new position in shares of Hayward in the third quarter worth $418,901,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Hayward by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company’s stock valued at $19,417,000 after purchasing an additional 251,788 shares in the last quarter.

Wall Street Analysts Forecast Growth

HAYW has been the subject of a number of recent analyst reports. KeyCorp boosted their target price on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report 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 report on Monday, October 28th. Finally, Robert W. Baird lifted 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Hayward has a consensus rating of “Hold” and an average price target of $16.80.

Hayward Price Performance

Shares of NYSE:HAYW opened at $15.45 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.33 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The firm’s 50 day moving average price is $15.87 and its 200-day moving average price is $14.55. Hayward Holdings, Inc. has a twelve month low of $11.81 and a twelve month high of $16.87.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The business 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%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. Equities research analysts expect that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Insiders Place Their Bets

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company 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.