Captrust Financial Advisors Takes $217,000 Position in Hayward Holdings, Inc. (NYSE:HAYW)

Captrust Financial Advisors acquired a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,117 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased 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 valued at $34,000 after acquiring an additional 2,141 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Hayward during the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of Hayward during the third quarter valued at approximately $43,000. nVerses Capital LLC bought a new stake in shares of Hayward during the second quarter valued at approximately $64,000. Finally, Quest Partners LLC increased its holdings in shares of Hayward by 217.7% during the second quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after acquiring an additional 5,420 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HAYW. Stifel Nicolaus upped their price target on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, October 28th. KeyCorp boosted their price objective on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their price objective on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.80.

Hayward Stock Down 1.6 %

Shares of NYSE HAYW opened at $16.25 on Monday. Hayward Holdings, Inc. has a one year low of $11.81 and a one year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The business’s fifty day moving average price is $15.75 and its 200-day moving average price is $14.46. The stock has a market capitalization of $3.50 billion, a PE ratio of 38.69, a P/E/G ratio of 2.28 and a beta of 1.16.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $222.88 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Insider Buying and Selling

In related news, CFO Eifion Jones sold 75,000 shares of the stock in a transaction dated Friday, November 8th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.96, for a total value 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 insiders.

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.