Universal Beteiligungs und Servicegesellschaft mbH Raises Holdings in Hayward Holdings, Inc. $HAYW

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Hayward Holdings, Inc. (NYSE:HAYW) by 216.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,612 shares of the company’s stock after purchasing an additional 49,683 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Hayward were worth $1,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Hayward by 36.2% during the first quarter. Royal Bank of Canada now owns 126,506 shares of the company’s stock worth $1,760,000 after buying an additional 33,614 shares in the last quarter. Millennium Management LLC boosted its position in Hayward by 6.8% during the first quarter. Millennium Management LLC now owns 486,132 shares of the company’s stock worth $6,767,000 after acquiring an additional 30,763 shares during the last quarter. Jane Street Group LLC grew its stake in Hayward by 8.2% during the 1st quarter. Jane Street Group LLC now owns 38,064 shares of the company’s stock valued at $530,000 after acquiring an additional 2,885 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Hayward by 7.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 85,039 shares of the company’s stock valued at $1,172,000 after acquiring an additional 6,258 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Hayward by 10.3% in the 2nd quarter. Truist Financial Corp now owns 17,609 shares of the company’s stock worth $243,000 after purchasing an additional 1,638 shares in the last quarter.

Hayward Stock Down 1.1%

Shares of NYSE HAYW opened at $16.13 on Friday. The company has a market capitalization of $3.50 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.52 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.18 and a quick ratio of 2.31. The company has a 50 day simple moving average of $16.16 and a 200-day simple moving average of $15.77. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $17.73.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $244.34 million for the quarter, compared to analysts’ expectations of $231.46 million. Hayward had a return on equity of 11.24% and a net margin of 12.54%.The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. On average, equities research analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Hayward in a research report on Monday, December 29th. Zacks Research lowered Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Insider Buying and Selling at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $16.13, for a total transaction of $977,010.23. Following the completion of the sale, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at approximately $10,057,700.20. This trade represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 173,532 shares of company stock worth $2,828,685. Corporate insiders own 5.06% of the company’s stock.

About Hayward

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.