150,000 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Acquired by Jade Capital Advisors LLC

Jade Capital Advisors LLC purchased a new stake in Hayward Holdings, Inc. (NYSE:HAYW) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 150,000 shares of the company’s stock, valued at approximately $2,301,000. Hayward makes up 1.4% of Jade Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAYW. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hayward by 2.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock worth $352,000 after buying an additional 784 shares during the period. Arizona State Retirement System boosted its holdings in Hayward by 2.2% in the second quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock valued at $517,000 after purchasing an additional 887 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Hayward by 1.4% during the 1st quarter. Bessemer Group Inc. now owns 81,400 shares of the company’s stock valued at $1,246,000 after buying an additional 1,100 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Hayward by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company’s stock worth $785,000 after buying an additional 1,400 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in shares of Hayward by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 110,346 shares of the company’s stock worth $1,689,000 after buying an additional 1,443 shares during the last quarter.

Hayward Stock Down 2.2 %

HAYW opened at $15.33 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68. Hayward Holdings, Inc. has a 12 month low of $9.80 and a 12 month high of $16.04. The stock’s 50 day moving average price is $14.61 and its 200 day moving average price is $13.97. The stock has a market cap of $3.29 billion, a P/E ratio of 42.57, a P/E/G ratio of 2.38 and a beta of 1.21.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $284.39 million for the quarter, compared to analysts’ expectations of $282.60 million. Hayward had a net margin of 9.06% and a return on equity of 9.66%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. As a group, research analysts predict that Hayward Holdings, Inc. will post 0.59 earnings per share for the current year.

Insider Activity

In related news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,470,797.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HAYW. Robert W. Baird increased their price target on shares of Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. KeyCorp decreased their price objective on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, July 19th. The Goldman Sachs Group lowered their price objective on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, Stifel Nicolaus raised their target price on shares of Hayward from $15.00 to $15.50 and gave the stock a “hold” rating in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Hayward currently has a consensus rating of “Hold” and a consensus target price of $15.50.

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.