Confluence Investment Management LLC Has $3.31 Million Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Confluence Investment Management LLC lowered its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,520 shares of the company’s stock after selling 2,581 shares during the quarter. Confluence Investment Management LLC’s holdings in Hayward were worth $3,311,000 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. Blue Trust Inc. grew its holdings in shares of Hayward by 2,710.1% during the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after buying an additional 2,141 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Hayward in the third quarter worth $43,000. True Wealth Design LLC acquired a new position in Hayward during the third quarter worth $44,000. nVerses Capital LLC acquired a new position in Hayward during the second quarter worth $64,000. Finally, Quest Partners LLC grew its position in Hayward by 217.7% in the second quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after purchasing an additional 5,420 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Hayward

In related 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eifion Jones sold 75,000 shares of the business’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 3.25% of the company’s stock.

Hayward Stock Down 0.7 %

HAYW stock opened at $15.18 on Friday. Hayward Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $16.87. The business’s 50 day simple moving average is $15.87 and its 200 day simple moving average is $14.62. 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 $3.27 billion, a PE ratio of 36.14, a PEG ratio of 2.28 and a beta of 1.16.

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

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.