Corient Private Wealth LP bought a new position in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 150,984 shares of the company’s stock, valued at approximately $2,614,000.
Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in Hayward during the 2nd quarter valued at about $33,306,000. Freestone Grove Partners LP purchased a new stake in Hayward in the 2nd quarter worth approximately $117,000. Polar Asset Management Partners Inc. purchased a new stake in Hayward in the 2nd quarter worth approximately $5,306,000. Jupiter Topco LLC bought a new stake in shares of Hayward in the 2nd quarter worth approximately $1,761,000. Finally, Legal & General Group Plc purchased a new position in shares of Hayward during the second quarter valued at approximately $8,358,000.
Hayward Stock Down 2.6%
HAYW stock opened at $13.69 on Wednesday. Hayward Holdings, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $17.73. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. The business’s 50 day moving average price is $15.33 and its two-hundred day moving average price is $14.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33.
Wall Street Analyst Weigh In
A number of brokerages recently commented on HAYW. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Hayward in a research note on Wednesday, July 29th. Cantor Fitzgerald reissued a “neutral” rating on shares of Hayward in a research report on Monday, July 6th. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Finally, Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.50.
Get Our Latest Research Report on HAYW
Insider Transactions at Hayward
In other Hayward news, CEO Kevin Holleran sold 120,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $17.28, for a total transaction of $2,073,600.00. Following the completion of the transaction, the chief executive officer owned 701,234 shares of the company’s stock, valued at approximately $12,117,323.52. This trade represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 220,000 shares of company stock valued at $3,692,600 in the last ninety days. 4.73% of the stock is currently owned by corporate insiders.
About Hayward
Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.
Hayward’s product portfolio is organized into several core categories.
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