Hayward Holdings, Inc. (NYSE:HAYW) Shares Purchased by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 41.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,706,750 shares of the company’s stock after purchasing an additional 1,390,634 shares during the period. Neuberger Berman Group LLC owned 2.04% of Hayward worth $122,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CCMP Capital GP LLC purchased a new stake in Hayward during the 1st quarter valued at about $1,226,469,000. JPMorgan Chase & Co. purchased a new stake in Hayward during the 1st quarter valued at about $83,059,000. Alliancebernstein L.P. grew its stake in Hayward by 17.0% during the 2nd quarter. Alliancebernstein L.P. now owns 4,135,338 shares of the company’s stock valued at $107,601,000 after acquiring an additional 599,374 shares in the last quarter. Vanguard Group Inc. grew its stake in Hayward by 14.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,878,240 shares of the company’s stock valued at $100,911,000 after acquiring an additional 477,810 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Hayward during the 1st quarter valued at about $54,624,000. Hedge funds and other institutional investors own 52.99% of the company’s stock.

Shares of HAYW stock opened at $21.66 on Thursday. The firm’s 50 day moving average price is $21.66 and its 200-day moving average price is $22.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.73 and a current ratio of 2.38. Hayward Holdings, Inc. has a one year low of $15.61 and a one year high of $26.82.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Sunday, August 1st. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $364.40 million during the quarter, compared to analyst estimates of $346.70 million. On average, research analysts forecast that Hayward Holdings, Inc. will post 1.83 earnings per share for the current year.

In related news, CFO Eifion Jones sold 58,000 shares of the firm’s stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $20.59, for a total value of $1,194,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rick Roetken sold 12,000 shares of Hayward stock in a transaction dated Tuesday, September 21st. The stock was sold at an average price of $22.29, for a total transaction of $267,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 151,872 shares of company stock worth $3,281,670 over the last three months.

HAYW has been the subject of several research reports. Zacks Investment Research cut shares of Hayward from a “buy” rating to a “hold” rating in a research note on Wednesday, October 6th. Morgan Stanley dropped their price objective on shares of Hayward from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 3rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Hayward has an average rating of “Buy” and a consensus price target of $25.25.

About Hayward

Hayward Holdings, Inc operates as a designer, manufacturer, and marketer of various pool equipment and associated automation systems. The company offers a range of pool equipment, including pumps, filters, heaters, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

Read More: What is a management fee?

Want to see what other hedge funds are holding HAYW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hayward Holdings, Inc. (NYSE:HAYW).

Institutional Ownership by Quarter for Hayward (NYSE:HAYW)

Receive News & Ratings for Hayward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hayward and related companies with MarketBeat.com's FREE daily email newsletter.