Short Interest in Hayward Holdings, Inc. (NYSE:HAYW) Decreases By 13.5%

Hayward Holdings, Inc. (NYSE:HAYW) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 10,850,000 shares, a drop of 13.5% from the October 15th total of 12,550,000 shares. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is presently 6.1 days. Approximately 5.1% of the shares of the stock are sold short.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eifion Jones sold 75,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the completion of the sale, the chief financial officer now directly owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 217,857 shares of company stock worth $3,416,677 over the last 90 days. Company insiders own 3.25% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. MSD Capital L P purchased a new stake in Hayward during the 3rd quarter worth approximately $418,901,000. Michael & Susan Dell Foundation acquired a new stake in shares of Hayward during the third quarter worth approximately $39,646,000. Wellington Management Group LLP acquired a new stake in Hayward in the third quarter valued at $20,391,000. Weiss Asset Management LP boosted its stake in Hayward by 515.0% during the 3rd quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company’s stock valued at $19,731,000 after acquiring an additional 1,077,117 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Hayward by 18.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock worth $86,476,000 after acquiring an additional 878,705 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Hayward Stock Up 0.2 %

Hayward stock traded up $0.04 during midday trading on Monday, hitting $16.10. 1,685,300 shares of the company were exchanged, compared to its average volume of 1,513,477. The company has a market cap of $3.47 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.19. The company’s fifty day moving average price is $15.17 and its 200-day moving average price is $14.26. Hayward has a fifty-two week low of $11.54 and a fifty-two week high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

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

Hayward Company 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.