Sendero Wealth Management LLC Buys Shares of 20,870 Hayward Holdings, Inc. (NYSE:HAYW)

Sendero Wealth Management LLC bought a new position in Hayward Holdings, Inc. (NYSE:HAYW) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,870 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Hayward by 2,710.1% in the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after acquiring an additional 2,141 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Hayward in the 3rd quarter valued at about $43,000. True Wealth Design LLC purchased a new stake in shares of Hayward in the 3rd quarter worth approximately $44,000. Oak Thistle LLC bought a new position in shares of Hayward during the fourth quarter valued at approximately $162,000. Finally, MQS Management LLC purchased a new position in Hayward during the second quarter valued at approximately $171,000.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.96, for a total value of $1,596,000.00. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the completion of the transaction, the chief financial officer now owns 258,903 shares of the company’s stock, 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. 3.25% of the stock is owned by company insiders.

Hayward Stock Performance

Shares of HAYW opened at $14.89 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm has a market cap of $3.21 billion, a PE ratio of 35.45, a P/E/G ratio of 1.74 and a beta of 1.17. Hayward Holdings, Inc. has a 12 month low of $11.81 and a 12 month high of $16.87. The stock has a fifty day moving average price of $15.68 and a 200-day moving average price of $14.75.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS 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 company had revenue of $227.57 million during the quarter, compared to analysts’ expectations of $222.88 million. During the same period last year, the business posted $0.08 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HAYW has been the subject of a number of analyst reports. The Goldman Sachs Group upped their target price on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their price objective on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Robert W. Baird lifted 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. Finally, KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hayward presently has an average rating of “Hold” and a consensus target price of $17.50.

Hayward 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.