Blue Trust Inc. Purchases 2,141 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Blue Trust Inc. lifted its position in Hayward Holdings, Inc. (NYSE:HAYW) by 2,710.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,220 shares of the company’s stock after purchasing an additional 2,141 shares during the quarter. Blue Trust Inc.’s holdings in Hayward were worth $34,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Hayward in the second quarter valued at $30,000. nVerses Capital LLC acquired a new position in shares of Hayward in the second quarter valued at $64,000. Quest Partners LLC raised its stake in shares of 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. MQS Management LLC acquired a new position in Hayward during the second quarter worth $171,000. Finally, Algert Global LLC acquired a new position in Hayward during the second quarter worth $186,000.

Analysts Set New Price Targets

Several research analysts have issued reports on HAYW shares. Robert W. Baird increased their price objective on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus increased their price objective on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. KeyCorp increased their price objective on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group increased their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.80.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $13.63, for a total value of $584,140.91. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $7,125,750.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.25% of the company’s stock.

Hayward Price Performance

Shares of HAYW stock opened at $16.15 on Friday. The stock’s fifty day moving average is $14.83 and its 200-day moving average is $14.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.68 and a current ratio of 2.62. The stock has a market capitalization of $3.48 billion, a PE ratio of 38.45, a PEG ratio of 2.34 and a beta of 1.19. Hayward Holdings, Inc. has a 52 week low of $10.54 and a 52 week high of $16.85.

Hayward (NYSE:HAYW) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 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 analysts’ expectations of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. Equities research analysts expect that Hayward Holdings, Inc. will post 0.59 EPS for the current fiscal year.

Hayward Company 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.