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.
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.
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.
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