Bridgewater Associates LP Lowers Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Bridgewater Associates LP trimmed its position in Hayward Holdings, Inc. (NYSE:HAYW) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,047 shares of the company’s stock after selling 9,763 shares during the quarter. Bridgewater Associates LP owned about 0.06% of Hayward worth $1,918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAYW. Victory Capital Management Inc. increased its stake in shares of Hayward by 0.6% in the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock worth $78,591,000 after purchasing an additional 32,514 shares in the last quarter. American Century Companies Inc. increased its stake in Hayward by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after buying an additional 558,227 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hayward by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock valued at $52,489,000 after acquiring an additional 469,124 shares during the period. WCM Investment Management LLC lifted its position in shares of 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 acquiring an additional 43,222 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Hayward by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,775,374 shares of the company’s stock worth $21,837,000 after acquiring an additional 11,358 shares during the period.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,470,797.71. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eifion Jones sold 75,000 shares of the business’s stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 217,857 shares of company stock worth $3,416,677. 3.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HAYW. Stifel Nicolaus lifted their target price on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research note on Monday, October 28th. KeyCorp boosted their target price on shares of Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.80.

Hayward Price Performance

Hayward stock opened at $16.16 on Friday. Hayward Holdings, Inc. has a 52-week low of $11.55 and a 52-week high of $16.87. 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 firm’s fifty day moving average is $15.52 and its 200 day moving average is $14.36. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 2.27 and a beta of 1.19.

Hayward (NYSE:HAYW) last announced 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 net margin of 9.47% and a return on equity of 9.93%. The firm had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. During the same quarter last year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that Hayward Holdings, Inc. will post 0.61 EPS for the current fiscal year.

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.