Confluence Investment Management LLC Has $3.36 Million Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Confluence Investment Management LLC lessened its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 2.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 219,101 shares of the company’s stock after selling 6,189 shares during the quarter. Confluence Investment Management LLC’s holdings in Hayward were worth $3,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. increased its holdings in Hayward by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after purchasing an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hayward by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after buying an additional 469,124 shares during the period. Jane Street Group LLC grew its holdings in shares of Hayward by 241.0% during the first quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock worth $9,312,000 after buying an additional 429,851 shares in the last quarter. Victory Capital Management Inc. raised its position in Hayward by 4.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after buying an additional 222,311 shares during the last quarter. Finally, Jade Capital Advisors LLC bought a new stake in Hayward in the 3rd quarter valued at approximately $2,301,000.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total value of $612,426.53. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,470,797.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.25% of the stock is currently owned by insiders.

Hayward Price Performance

Shares of NYSE HAYW opened at $16.05 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $14.14. The company has a market cap of $3.46 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19. Hayward Holdings, Inc. has a twelve month low of $10.56 and a twelve month high of $16.87.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business had revenue of $227.57 million for the quarter, compared to analysts’ expectations of $222.88 million. During the same quarter in the prior year, the business earned $0.08 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

HAYW has been the subject of several research reports. Robert W. Baird raised their price target on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. KeyCorp lifted their price target on shares of Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their price objective on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group lifted their target price on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.80.

About Hayward

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.