Toth Financial Advisory Corp Takes Position in Hayward Holdings, Inc. (NYSE:HAYW)

Toth Financial Advisory Corp purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,000 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors have also recently added to or reduced their stakes in HAYW. WCM Investment Management LLC lifted its position in Hayward by 2.2% in the third quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock valued at $31,152,000 after purchasing an additional 43,222 shares during the period. Geode Capital Management LLC raised its stake in shares of Hayward by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,232,773 shares of the company’s stock worth $34,260,000 after buying an additional 165,369 shares in the last quarter. State Street Corp boosted its stake in shares of Hayward by 8.5% in the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after buying an additional 341,424 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Hayward by 7.2% during the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock worth $10,253,000 after acquiring an additional 44,978 shares during the period. Finally, MSD Capital L P purchased a new position in Hayward in the third quarter worth $418,901,000.

Hayward Stock Down 0.6 %

Shares of NYSE HAYW opened at $15.09 on Friday. The firm’s 50-day moving average is $15.53 and its two-hundred day moving average is $14.89. The company has a market capitalization of $3.25 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. Hayward Holdings, Inc. has a 12-month low of $11.96 and a 12-month 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 for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. Hayward’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. Equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Hayward

In other news, CFO Eifion Jones sold 75,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the sale, the chief financial officer now owns 258,903 shares in the company, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $15.96, for a total value of $1,596,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HAYW. The Goldman Sachs Group boosted their target price on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. KeyCorp restated a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Robert W. Baird lifted their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus upped their price target on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Monday, October 28th.

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.