Massachusetts Financial Services Co. MA Sells 83,784 Shares of Hayward Holdings, Inc. $HAYW

Massachusetts Financial Services Co. MA reduced its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,344,994 shares of the company’s stock after selling 83,784 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.08% of Hayward worth $35,456,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HAYW. Steph & Co. purchased a new position in shares of Hayward during the third quarter valued at about $41,000. EverSource Wealth Advisors LLC boosted its position in Hayward by 149.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock valued at $65,000 after acquiring an additional 2,814 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Hayward by 19.3% during the 3rd quarter. Harbor Investment Advisory LLC now owns 7,842 shares of the company’s stock worth $119,000 after acquiring an additional 1,271 shares during the period. Brighton Jones LLC purchased a new position in shares of Hayward during the 2nd quarter worth approximately $146,000. Finally, Orion Porfolio Solutions LLC bought a new position in shares of Hayward in the 2nd quarter worth approximately $151,000.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CFO Eifion Jones sold 25,000 shares of the 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 sale, the chief financial officer directly owned 287,231 shares of the company’s stock, valued at approximately $5,026,542.50. This represents a 8.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin Holleran sold 52,390 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $15.99, for a total transaction of $837,716.10. Following the sale, the chief executive officer owned 623,540 shares of the company’s stock, valued at approximately $9,970,404.60. This represents a 7.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 198,532 shares of company stock worth $3,266,185. Insiders own 5.06% of the company’s stock.

Hayward Price Performance

HAYW stock opened at $16.73 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.31 and a current ratio of 3.18. The firm has a 50 day moving average price of $16.02 and a 200-day moving average price of $15.68. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $17.73. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.54 and a beta of 1.13.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $244.34 million during the quarter, compared to analyst estimates of $231.46 million. Hayward had a return on equity of 11.24% and a net margin of 12.54%.The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Equities research analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

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.