William Blair Investment Management LLC bought a new position in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,549,861 shares of the company’s stock, valued at approximately $26,828,000.
Several other institutional investors and hedge funds also recently made changes to their positions in HAYW. BlackRock Inc. acquired a new stake in Hayward during the 2nd quarter worth approximately $422,455,000. Vanguard Group Inc. raised its stake in shares of Hayward by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,933,077 shares of the company’s stock valued at $323,416,000 after acquiring an additional 105,472 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hayward by 2.0% during the fourth quarter. JPMorgan Chase & Co. now owns 11,911,977 shares of the company’s stock worth $184,040,000 after purchasing an additional 228,397 shares during the period. Fiduciary Management Inc. WI lifted its holdings in shares of Hayward by 13.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 9,089,866 shares of the company’s stock worth $140,438,000 after purchasing an additional 1,063,380 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Hayward by 9.1% in the third quarter. Wellington Management Group LLP now owns 7,546,816 shares of the company’s stock valued at $114,108,000 after purchasing an additional 627,866 shares during the period.
Hayward Stock Down 0.5%
Shares of NYSE:HAYW opened at $14.65 on Friday. Hayward Holdings, Inc. has a 1 year low of $12.93 and a 1 year high of $17.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.33 and a quick ratio of 2.49. The business’s 50-day moving average is $15.41 and its 200-day moving average is $14.98. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.34 and a beta of 1.09.
Insider Buying and Selling
In other Hayward news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $15.31, for a total value of $765,500.00. Following the completion of the sale, the chief executive officer directly owned 701,234 shares of the company’s stock, valued at approximately $10,735,892.54. The trade was a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 272,389 shares of company stock valued at $4,415,044 in the last ninety days. Company insiders own 4.73% of the company’s stock.
Wall Street Analyst Weigh In
HAYW has been the subject of several analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research report on Monday, July 20th. Weiss Ratings upgraded Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. The Goldman Sachs Group reissued a “neutral” rating on shares of Hayward in a research note on Wednesday, July 29th. Cantor Fitzgerald restated a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. Finally, Zacks Research lowered Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.
Get Our Latest Research Report on HAYW
Hayward Company 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.
Recommended Stories
- Five stocks we like better than Hayward
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding HAYW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hayward Holdings, Inc. (NYSE:HAYW – Free Report).
Receive News & Ratings for Hayward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hayward and related companies with MarketBeat.com's FREE daily email newsletter.
