Pallas Capital Advisors LLC Increases Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Pallas Capital Advisors LLC grew its holdings in Hayward Holdings, Inc. (NYSE:HAYWFree Report) by 146.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 32,935 shares of the company’s stock after buying an additional 19,590 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Hayward were worth $504,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MSD Capital L P purchased a new position in shares of Hayward during the third quarter valued at about $418,901,000. Michael & Susan Dell Foundation purchased a new position in shares of Hayward during the 3rd quarter worth approximately $39,646,000. Wellington Management Group LLP bought a new position in shares of Hayward in the 3rd quarter worth approximately $20,391,000. Weiss Asset Management LP lifted its stake in shares of Hayward by 515.0% in the 3rd quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company’s stock valued at $19,731,000 after purchasing an additional 1,077,117 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Hayward by 18.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock valued at $86,476,000 after purchasing an additional 878,705 shares in the last quarter.

Hayward Price Performance

NYSE HAYW opened at $14.43 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $16.87. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.28 and a beta of 1.17. The business’s fifty day moving average price is $15.68 and its 200-day moving average price is $14.75.

Hayward (NYSE:HAYWGet Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business had revenue of $227.57 million for the quarter, compared to analysts’ expectations of $222.88 million. During the same period last year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts predict that Hayward Holdings, Inc. will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HAYW shares. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. The Goldman Sachs Group upped their price objective on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Robert W. Baird upped 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. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.50.

Check Out Our Latest Research Report on HAYW

Insider Buying and Selling at Hayward

In related news, CFO Eifion Jones sold 75,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at approximately $4,170,927.33. The trade was a 22.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin Holleran sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $8,343,872.04. This represents a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.25% of the stock is owned by corporate insiders.

Hayward Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hayward (NYSE:HAYW)

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