Harbor Investment Advisory LLC Has $78,000 Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Harbor Investment Advisory LLC lifted its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 98.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,099 shares of the company’s stock after purchasing an additional 2,524 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Hayward were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Equitable Trust Co. boosted its position in Hayward by 2.3% during the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock worth $519,000 after acquiring an additional 749 shares during the period. CIBC Asset Management Inc boosted its position in Hayward by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 15,412 shares of the company’s stock worth $236,000 after acquiring an additional 784 shares during the period. Blue Trust Inc. boosted its position in Hayward by 2,710.1% during the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after acquiring an additional 2,141 shares during the period. Capital Performance Advisors LLP acquired a new stake in Hayward during the 3rd quarter worth about $43,000. Finally, True Wealth Design LLC acquired a new stake in Hayward during the 3rd quarter worth about $44,000.

Hayward Stock Down 0.4 %

HAYW opened at $15.16 on Thursday. Hayward Holdings, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $16.87. The business has a 50-day moving average of $15.56 and a 200-day moving average of $14.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The company has a market capitalization of $3.27 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. During the same period last year, the business earned $0.08 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Hayward

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

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.