Glenmede Trust Co. NA Has $15.74 Million Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Glenmede Trust Co. NA cut its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 1.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,026,301 shares of the company’s stock after selling 15,545 shares during the quarter. Glenmede Trust Co. NA’s holdings in Hayward were worth $15,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of Hayward during the second quarter worth approximately $30,000. Blue Trust Inc. increased 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 buying an additional 2,141 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Hayward during the third quarter worth $43,000. nVerses Capital LLC bought a new stake in shares of Hayward in the second quarter valued at about $64,000. Finally, Quest Partners LLC grew its stake in shares of Hayward by 217.7% in the second quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after acquiring an additional 5,420 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HAYW. Robert W. Baird lifted their price objective on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. KeyCorp raised their price objective on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus upped their target price on Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Hayward has an average rating of “Hold” and an average price target of $16.80.

Hayward Stock Performance

NYSE HAYW opened at $16.18 on Friday. Hayward Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $16.87. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 2.30 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm’s 50 day simple moving average is $15.47 and its 200 day simple moving average is $14.34.

Hayward (NYSE:HAYW) last issued its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating 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 firm had revenue of $227.57 million for the quarter, compared to the consensus estimate of $222.88 million. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Hayward

In other Hayward news, 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 sale, the chief financial officer now owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin Holleran sold 100,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,857 shares of company stock worth $3,416,677 over the last 90 days. Insiders own 3.25% of the company’s stock.

Hayward Profile

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.