Sendero Wealth Management LLC Buys New Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Sendero Wealth Management LLC purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,870 shares of the company’s stock, valued at approximately $319,000.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Hayward by 2,710.1% in the third 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 last quarter. Capital Performance Advisors LLP acquired a new position in Hayward in the third quarter valued at approximately $43,000. True Wealth Design LLC purchased a new stake in Hayward in the 3rd quarter worth approximately $44,000. Oak Thistle LLC acquired a new stake in shares of Hayward during the 4th quarter worth approximately $162,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Hayward during the 3rd quarter valued at approximately $202,000.

Insider Buying and Selling

In other Hayward news, 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 value of $1,596,000.00. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $8,343,872.04. This represents a 16.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction on Friday, November 8th. The stock was sold at an average price of $16.11, for a total value of $1,208,250.00. Following the transaction, 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 position. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on HAYW. KeyCorp reissued a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Stifel Nicolaus increased their target price 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. The Goldman Sachs Group lifted 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. Finally, Robert W. Baird increased their price target on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.50.

Hayward Stock Up 3.2 %

Shares of NYSE HAYW opened at $14.89 on Thursday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. The company’s 50-day simple moving average is $15.68 and its 200-day simple moving average is $14.75. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $16.87.

Hayward (NYSE:HAYW) last posted its quarterly earnings data 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 company had revenue of $227.57 million for the quarter, compared to analysts’ expectations of $222.88 million. During the same period in the previous year, the firm posted $0.08 EPS. Hayward’s revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

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.