Hayward Holdings, Inc. (NYSE:HAYW) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Hayward Holdings, Inc. (NYSE:HAYWGet Rating) by 3.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,464,895 shares of the company’s stock after acquiring an additional 219,086 shares during the period. JPMorgan Chase & Co. owned about 2.99% of Hayward worth $93,031,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC acquired a new position in shares of Hayward in the second quarter worth about $151,000. Oak Thistle LLC acquired a new position in shares of Hayward in the first quarter worth about $175,000. GSA Capital Partners LLP acquired a new position in shares of Hayward in the first quarter worth about $182,000. Diversified Trust Co acquired a new position in shares of Hayward in the second quarter worth about $180,000. Finally, Advisor Group Holdings Inc. raised its position in shares of Hayward by 16.7% in the first quarter. Advisor Group Holdings Inc. now owns 12,876 shares of the company’s stock worth $212,000 after acquiring an additional 1,844 shares during the period. Institutional investors and hedge funds own 74.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. KeyCorp reduced their price target on shares of Hayward from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, October 13th. The Goldman Sachs Group reduced their price target on shares of Hayward from $12.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, November 2nd. Credit Suisse Group downgraded shares of Hayward from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $18.00 to $9.00 in a research report on Friday, October 14th. Morgan Stanley dropped their price objective on shares of Hayward from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 12th. Finally, Bank of America cut shares of Hayward from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $14.00 to $8.00 in a research note on Tuesday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.50.

Insider Activity

In other news, major shareholder Alberta Investment Management sold 2,826,936 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $9.86, for a total value of $27,873,588.96. Following the completion of the sale, the insider now owns 22,901,636 shares of the company’s stock, valued at approximately $225,810,130.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.

Hayward Stock Performance

Hayward stock opened at $9.60 on Wednesday. The firm has a 50 day simple moving average of $9.37 and a 200-day simple moving average of $12.00. Hayward Holdings, Inc. has a 1-year low of $7.97 and a 1-year high of $26.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.45 and a quick ratio of 1.09. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 10.01 and a beta of 0.62.

About Hayward

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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 residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features.

See Also

Institutional Ownership by Quarter for Hayward (NYSE:HAYW)

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