Arrowstreet Capital Limited Partnership Sells 696,059 Shares of Hayward Holdings, Inc. $HAYW

Arrowstreet Capital Limited Partnership cut its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 25.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,045,516 shares of the company’s stock after selling 696,059 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.94% of Hayward worth $28,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC increased its holdings in shares of Hayward by 28.9% during the second quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company’s stock worth $91,000 after buying an additional 1,472 shares in the last quarter. Brighton Jones LLC acquired a new position in Hayward in the 2nd quarter worth about $146,000. Focus Partners Advisor Solutions LLC acquired a new position in Hayward in the 1st quarter worth about $150,000. EntryPoint Capital LLC bought a new position in Hayward in the first quarter valued at about $153,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Hayward in the second quarter valued at approximately $153,000.

Hayward Price Performance

HAYW stock opened at $16.11 on Friday. The company’s fifty day moving average price is $15.77 and its 200-day moving average price is $15.18. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $17.73. The company has a market capitalization of $3.49 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.69 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.31 and a current ratio of 3.18.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Hayward had a return on equity of 11.24% and a net margin of 12.54%.The business had revenue of $244.34 million for the quarter, compared to the consensus estimate of $231.46 million. During the same quarter in the previous year, the company posted $0.11 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $17.50, for a total transaction of $437,500.00. Following the completion of the sale, the chief financial officer directly owned 287,231 shares of the company’s stock, valued at approximately $5,026,542.50. The trade was a 8.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin Holleran sold 60,571 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $16.74, for a total value of $1,013,958.54. Following the sale, the chief executive officer owned 623,540 shares of the company’s stock, valued at approximately $10,438,059.60. This represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 146,142 shares of company stock worth $2,369,715. Company insiders own 5.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Zacks Research raised shares of Hayward from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hayward in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Hayward presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

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.