Polar Asset Management Partners Inc. bought a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 306,500 shares of the company’s stock, valued at approximately $5,306,000. Polar Asset Management Partners Inc. owned approximately 0.14% of Hayward as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Hayward in the 2nd quarter valued at $422,455,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Hayward by 327,101.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,565,263 shares of the company’s stock worth $39,633,000 after purchasing an additional 2,564,479 shares in the last quarter. Focus Partners Wealth increased its position in shares of Hayward by 17,180.8% in the fourth quarter. Focus Partners Wealth now owns 2,576,737 shares of the company’s stock worth $39,811,000 after purchasing an additional 2,561,826 shares during the period. AQR Capital Management LLC increased its position in shares of Hayward by 66.8% in the fourth quarter. AQR Capital Management LLC now owns 4,191,014 shares of the company’s stock worth $64,751,000 after purchasing an additional 1,678,955 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Hayward in the second quarter valued at about $28,916,000.
Hayward Price Performance
Shares of HAYW stock opened at $14.49 on Wednesday. The business has a fifty day simple moving average of $15.40 and a 200 day simple moving average of $14.95. The company has a market cap of $3.07 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.33 and a beta of 1.09. The company has a quick ratio of 2.49, a current ratio of 3.33 and a debt-to-equity ratio of 0.59. Hayward Holdings, Inc. has a twelve month low of $12.93 and a twelve month high of $17.73.
Insider Activity
In related news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $15.31, for a total transaction of $765,500.00. Following the completion of the transaction, the chief executive officer directly owned 701,234 shares in the company, valued at $10,735,892.54. This represents a 6.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 272,389 shares of company stock worth $4,415,044. Insiders own 4.73% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on HAYW shares. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research report on Monday, July 20th. Cantor Fitzgerald reissued a “neutral” rating on shares of Hayward in a report on Monday, July 6th. The Goldman Sachs Group restated a “neutral” rating on shares of Hayward in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.50.
Read Our Latest Report on HAYW
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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