Massachusetts Financial Services Co. MA Sells 78,443 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Massachusetts Financial Services Co. MA decreased its position in Hayward Holdings, Inc. (NYSE:HAYW) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,785,688 shares of the company’s stock after selling 78,443 shares during the period. Massachusetts Financial Services Co. MA owned about 1.29% of Hayward worth $42,732,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Hayward by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock worth $57,465,000 after acquiring an additional 558,227 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hayward by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after purchasing an additional 469,124 shares during the last quarter. Jane Street Group LLC increased its holdings in Hayward by 241.0% during the 1st quarter. Jane Street Group LLC now owns 608,218 shares of the company’s stock valued at $9,312,000 after purchasing an additional 429,851 shares during the period. Victory Capital Management Inc. raised its position in Hayward by 4.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,090,726 shares of the company’s stock valued at $62,616,000 after purchasing an additional 222,311 shares during the last quarter. Finally, Jade Capital Advisors LLC purchased a new stake in Hayward in the 3rd quarter worth approximately $2,301,000.

Hayward Stock Up 0.4 %

NYSE:HAYW opened at $16.06 on Monday. Hayward Holdings, Inc. has a 1-year low of $11.54 and a 1-year high of $16.87. The company has a market capitalization of $3.46 billion, a PE ratio of 38.24, a P/E/G ratio of 2.24 and a beta of 1.19. The firm’s 50-day moving average price is $15.34 and its 200-day moving average price is $14.30. 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 (NYSE:HAYW) last announced 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 net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. During the same quarter last year, the firm earned $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 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 42,857 shares of the business’s 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 in the company, valued at $7,470,797.71. The trade was a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eifion Jones sold 75,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $16.11, for a total value of $1,208,250.00. Following the sale, the chief financial officer now owns 258,903 shares in the company, valued at approximately $4,170,927.33. This represents a 22.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 217,857 shares of company stock valued at $3,416,677. 3.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp boosted their target price on Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. 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. Robert W. Baird lifted their target price on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus increased their price target on shares of Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.80.

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.