Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP trimmed its position in Hayward Holdings, Inc. (NYSE:HAYW) by 56.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,811 shares of the company’s stock after selling 35,434 shares during the quarter. Dark Forest Capital Management LP’s holdings in Hayward were worth $314,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Clearbridge Investments LLC increased its position in shares of Hayward by 1.3% in the 4th quarter. Clearbridge Investments LLC now owns 2,670,482 shares of the company’s stock worth $25,103,000 after purchasing an additional 34,096 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Hayward by 7.6% in the 4th quarter. Blair William & Co. IL now owns 29,836 shares of the company’s stock worth $280,000 after acquiring an additional 2,117 shares during the period. Confluence Investment Management LLC boosted its stake in Hayward by 5.4% during the first quarter. Confluence Investment Management LLC now owns 440,698 shares of the company’s stock valued at $5,165,000 after buying an additional 22,730 shares in the last quarter. Keybank National Association OH grew its position in Hayward by 87.1% in the first quarter. Keybank National Association OH now owns 34,533 shares of the company’s stock worth $405,000 after buying an additional 16,079 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Hayward by 6.2% during the 4th quarter. American Century Companies Inc. now owns 5,211,015 shares of the company’s stock worth $48,984,000 after buying an additional 303,978 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. KeyCorp upped their price objective on shares of Hayward from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.50 in a report on Thursday, August 3rd. The Goldman Sachs Group lifted their price target on shares of Hayward from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Friday, August 4th. Finally, Morgan Stanley raised their target price on shares of Hayward from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.38.

Hayward Trading Up 0.7 %

Shares of Hayward stock opened at $14.90 on Friday. The company’s fifty day moving average price is $13.48 and its two-hundred day moving average price is $12.27. The firm has a market capitalization of $3.18 billion, a PE ratio of 43.82 and a beta of 1.06. Hayward Holdings, Inc. has a 52-week low of $7.97 and a 52-week high of $15.22. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.14 and a quick ratio of 1.98.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $283.54 million for the quarter, compared to analysts’ expectations of $266.69 million. Hayward had a return on equity of 9.16% and a net margin of 7.71%. The business’s revenue was down 29.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. On average, analysts expect that Hayward Holdings, Inc. will post 0.55 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 52,910 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $13.17, for a total value of $696,824.70. Following the completion of the sale, the chief executive officer now directly owns 476,321 shares in the company, valued at $6,273,147.57. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Kevin Holleran sold 52,910 shares of the stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $13.17, for a total transaction of $696,824.70. Following the sale, the chief executive officer now directly owns 476,321 shares of the company’s stock, valued at $6,273,147.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eifion Jones sold 35,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $14.66, for a total value of $513,100.00. Following the completion of the transaction, the chief financial officer now owns 211,862 shares in the company, valued at $3,105,896.92. The disclosure for this sale can be found here. Insiders have sold a total of 172,530 shares of company stock worth $2,344,811 in the last three months. Insiders own 3.20% of the company’s stock.

Hayward Company 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.