Wealth Enhancement Advisory Services LLC Invests $426,000 in Hayward Holdings, Inc. (NYSE:HAYW)

Wealth Enhancement Advisory Services LLC purchased a new position in Hayward Holdings, Inc. (NYSE:HAYW) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,763 shares of the company’s stock, valued at approximately $426,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in Hayward by 7.5% during the third quarter. Louisiana State Employees Retirement System now owns 68,600 shares of the company’s stock valued at $1,052,000 after buying an additional 4,800 shares in the last quarter. Jade Capital Advisors LLC acquired a new stake in shares of Hayward during the 3rd quarter valued at approximately $2,301,000. Blue Trust Inc. lifted its stake in 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 purchasing an additional 2,141 shares during the last quarter. Birch Hill Investment Advisors LLC acquired a new position in Hayward in the third quarter worth $596,000. Finally, CWM LLC increased its stake in Hayward by 8,877.3% during the third quarter. CWM LLC now owns 32,049 shares of the company’s stock valued at $492,000 after purchasing an additional 31,692 shares during the last quarter.

Insider Activity at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total value of $612,426.53. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.25% of the stock is currently owned by insiders.

Hayward Price Performance

Shares of NYSE:HAYW opened at $16.05 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 firm’s 50 day moving average is $14.97 and its two-hundred day moving average is $14.16. The firm has a market capitalization of $3.46 billion, a P/E ratio of 38.20, a PEG ratio of 2.29 and a beta of 1.19. Hayward Holdings, Inc. has a 52 week low of $10.56 and a 52 week high of $16.87.

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

Analysts Set New Price Targets

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

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.