Rhumbline Advisers Grows Stake in Hayward Holdings, Inc. $HAYW

Rhumbline Advisers grew its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 23.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 441,107 shares of the company’s stock after purchasing an additional 84,067 shares during the quarter. Rhumbline Advisers owned 0.20% of Hayward worth $6,670,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HAYW. Oppenheimer Asset Management Inc. lifted its position in Hayward by 7.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 70,996 shares of the company’s stock worth $1,073,000 after acquiring an additional 4,710 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Hayward by 35.4% during the third quarter. Principal Financial Group Inc. now owns 956,373 shares of the company’s stock valued at $14,460,000 after purchasing an additional 250,214 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Hayward by 37.0% during the third quarter. Thrivent Financial for Lutherans now owns 143,832 shares of the company’s stock valued at $2,175,000 after purchasing an additional 38,866 shares during the period. Keybank National Association OH lifted its position in shares of Hayward by 8.1% during the third quarter. Keybank National Association OH now owns 62,063 shares of the company’s stock worth $938,000 after purchasing an additional 4,641 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Hayward by 6.8% in the third quarter. Arizona State Retirement System now owns 64,002 shares of the company’s stock valued at $968,000 after purchasing an additional 4,064 shares during the period.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of Hayward stock in a transaction on Friday, December 5th. The shares were sold at an average price of $16.13, for a total value of $977,010.23. Following the completion of the transaction, the chief executive officer owned 623,540 shares of the company’s stock, valued at $10,057,700.20. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 165,350 shares of company stock valued at $2,655,570 over the last three months. Insiders own 5.06% of the company’s stock.

Hayward Price Performance

Shares of HAYW opened at $16.27 on Monday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.52 and a beta of 1.13. The stock has a 50 day moving average of $16.24 and a 200-day moving average of $15.92. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $17.73.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HAYW. Zacks Research downgraded shares of Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings restated a “hold (c)” rating on shares of Hayward in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.00.

Hayward Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.