The Manufacturers Life Insurance Company Sells 1,743,244 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

The Manufacturers Life Insurance Company reduced its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 98.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,130 shares of the company’s stock after selling 1,743,244 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hayward were worth $493,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in Hayward by 0.6% during the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock valued at $78,591,000 after purchasing an additional 32,514 shares in the last quarter. American Century Companies Inc. raised its position in Hayward by 13.6% during the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after purchasing an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Hayward by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock valued at $52,489,000 after purchasing an additional 469,124 shares in the last quarter. WCM Investment Management LLC raised its position in 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 purchasing an additional 43,222 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in 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.

Analysts Set New Price Targets

HAYW has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their price target on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, KeyCorp upped their price target on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.80.

Hayward Stock Performance

NYSE HAYW opened at $16.25 on Friday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.28 and a beta of 1.16. Hayward Holdings, Inc. has a twelve month low of $11.81 and a twelve month high of $16.87. The stock has a fifty day simple moving average of $15.75 and a 200 day simple moving average of $14.46. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70.

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

Insider Activity at Hayward

In other Hayward news, CFO Eifion Jones sold 75,000 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their position. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by company insiders.

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.