Aperture Investors LLC Acquires 261,131 Shares of Hayward Holdings, Inc. $HAYW

Aperture Investors LLC increased its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 18.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,704,916 shares of the company’s stock after purchasing an additional 261,131 shares during the period. Hayward accounts for 3.1% of Aperture Investors LLC’s investment portfolio, making the stock its 9th biggest position. Aperture Investors LLC owned about 0.79% of Hayward worth $23,528,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in shares of Hayward by 4.0% during the 1st quarter. Northern Trust Corp now owns 1,758,987 shares of the company’s stock worth $24,485,000 after buying an additional 67,218 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Hayward by 48.6% in the first quarter. Raymond James Financial Inc. now owns 1,142,307 shares of the company’s stock valued at $15,901,000 after acquiring an additional 373,668 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Hayward during the second quarter valued at about $330,000. Invesco Ltd. increased its stake in Hayward by 4.8% during the first quarter. Invesco Ltd. now owns 2,912,704 shares of the company’s stock worth $40,545,000 after acquiring an additional 134,609 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Hayward by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company’s stock worth $278,155,000 after purchasing an additional 677,373 shares during the period.

Analysts Set New Price Targets

HAYW has been the subject of a number of research reports. Zacks Research upgraded Hayward from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Stifel Nicolaus lifted their price target on shares of Hayward from $17.50 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hayward in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Hayward has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Insider Buying and Selling

In other news, CFO Eifion Jones sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 287,231 shares in the company, valued at approximately $5,026,542.50. This trade represents a 8.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $15.16, for a total transaction of $918,256.36. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares in the company, valued at $9,452,866.40. This represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 206,713 shares of company stock worth $3,346,725 in the last quarter. Company insiders own 5.06% of the company’s stock.

Hayward Price Performance

Shares of NYSE HAYW opened at $15.68 on Wednesday. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $17.73. The company has a quick ratio of 2.31, a current ratio of 3.18 and a debt-to-equity ratio of 0.62. The firm has a market cap of $3.40 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.12. The business has a 50 day moving average price of $15.80 and a two-hundred day moving average price of $15.22.

Hayward (NYSE:HAYW) last issued its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $244.34 million for the quarter, compared to analysts’ expectations of $231.46 million. Hayward had a net margin of 12.54% and a return on equity of 11.24%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 earnings per share. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Hayward 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.