Hayward Holdings, Inc. (NYSE:HAYW) Major Shareholder Alberta Investment Management Sells 2,826,936 Shares

Hayward Holdings, Inc. (NYSE:HAYWGet Rating) major shareholder Alberta Investment Management sold 2,826,936 shares of Hayward stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $9.86, for a total transaction of $27,873,588.96. Following the transaction, the insider now directly owns 22,901,636 shares of the company’s stock, valued at $225,810,130.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Hayward Stock Performance

Shares of HAYW stock opened at $9.55 on Friday. The company has a 50 day moving average price of $9.45 and a 200-day moving average price of $12.13. Hayward Holdings, Inc. has a 52 week low of $7.97 and a 52 week high of $28.03. The firm has a market capitalization of $2.02 billion, a PE ratio of 10.07 and a beta of 0.62. The company has a quick ratio of 1.09, a current ratio of 2.45 and a debt-to-equity ratio of 0.89.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HAYW. Credit Suisse Group cut shares of Hayward from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $9.00 in a report on Friday, October 14th. Bank of America cut shares of Hayward from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $14.00 to $8.00 in a report on Tuesday, October 18th. Morgan Stanley decreased their target price on shares of Hayward from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, October 12th. The Goldman Sachs Group decreased their target price on shares of Hayward from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, November 2nd. Finally, KeyCorp decreased their target price on shares of Hayward from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.50.

Institutional Trading of Hayward

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Hayward by 3.1% during the third quarter. Vanguard Group Inc. now owns 8,573,388 shares of the company’s stock valued at $76,046,000 after buying an additional 254,829 shares during the period. Neuberger Berman Group LLC grew its position in Hayward by 3.7% during the first quarter. Neuberger Berman Group LLC now owns 7,573,673 shares of the company’s stock valued at $125,874,000 after buying an additional 267,833 shares during the period. JPMorgan Chase & Co. grew its position in Hayward by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 6,464,895 shares of the company’s stock valued at $93,031,000 after buying an additional 219,086 shares during the period. Cantillon Capital Management LLC bought a new stake in Hayward during the second quarter valued at approximately $78,613,000. Finally, FMR LLC grew its position in Hayward by 57.7% during the second quarter. FMR LLC now owns 3,830,376 shares of the company’s stock valued at $55,120,000 after buying an additional 1,401,723 shares during the period. 74.02% of the stock is currently owned by institutional investors.

About Hayward

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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 residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features.

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Insider Buying and Selling by Quarter for Hayward (NYSE:HAYW)

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