Bridgewater Associates LP Sells 9,763 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Bridgewater Associates LP cut its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,047 shares of the company’s stock after selling 9,763 shares during the period. Bridgewater Associates LP’s holdings in Hayward were worth $1,918,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in Hayward by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,048 shares of the company’s stock worth $996,000 after acquiring an additional 4,158 shares in the last quarter. Jane Street Group LLC grew its stake in Hayward by 241.0% in the first quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock worth $9,312,000 after purchasing an additional 429,851 shares in the last quarter. SG Americas Securities LLC grew its stake in Hayward by 32.8% in the second quarter. SG Americas Securities LLC now owns 52,972 shares of the company’s stock worth $652,000 after purchasing an additional 13,091 shares in the last quarter. Diversified Trust Co increased its holdings in Hayward by 4.4% during the 2nd quarter. Diversified Trust Co now owns 54,470 shares of the company’s stock worth $670,000 after purchasing an additional 2,289 shares during the period. Finally, Raymond James & Associates raised its position in Hayward by 2.8% during the 2nd quarter. Raymond James & Associates now owns 99,981 shares of the company’s stock valued at $1,230,000 after purchasing an additional 2,746 shares in the last quarter.

Hayward Stock Performance

Shares of Hayward stock opened at $16.16 on Friday. The company has a market capitalization of $3.48 billion, a PE ratio of 38.48, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a 50-day simple moving average of $15.52 and a two-hundred day simple moving average of $14.36. Hayward Holdings, Inc. has a one year low of $11.55 and a one year high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $227.57 million during the quarter, compared to analyst estimates of $222.88 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. Hayward’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. Research analysts expect that Hayward Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total value of $612,426.53. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,470,797.71. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the completion of the sale, the chief financial officer now owns 258,903 shares of the company’s stock, valued at $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 217,857 shares of company stock worth $3,416,677. Insiders own 3.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HAYW. KeyCorp increased their price target on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Robert W. Baird boosted their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.80.

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.