ING Groep NV Makes New $1 Million Investment in Hayward Holdings, Inc. $HAYW

ING Groep NV acquired a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 66,200 shares of the company’s stock, valued at approximately $1,001,000.

Other large investors have also made changes to their positions in the company. Amalgamated Bank raised its holdings in shares of Hayward by 1.7% during the second quarter. Amalgamated Bank now owns 43,996 shares of the company’s stock worth $607,000 after purchasing an additional 724 shares during the last quarter. Yousif Capital Management LLC grew its position in Hayward by 2.0% during the 2nd quarter. Yousif Capital Management LLC now owns 53,670 shares of the company’s stock worth $741,000 after purchasing an additional 1,049 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Hayward by 19.3% during the 3rd quarter. Harbor Investment Advisory LLC now owns 7,842 shares of the company’s stock valued at $119,000 after buying an additional 1,271 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Hayward by 2.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 56,298 shares of the company’s stock valued at $851,000 after buying an additional 1,298 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Hayward by 5.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 31,148 shares of the company’s stock valued at $430,000 after buying an additional 1,613 shares during the period.

Insider Activity at Hayward

In other news, CEO Kevin Holleran sold 52,389 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $16.05, for a total transaction of $840,843.45. Following the transaction, the chief executive officer owned 623,540 shares in the company, valued at $10,007,817. This trade represents a 7.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 165,350 shares of company stock valued at $2,655,570 in the last three months. 5.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Zacks Research lowered Hayward from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Hayward currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Hayward Stock Performance

NYSE HAYW opened at $16.74 on Friday. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 1.56 and a beta of 1.13. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $17.73. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $16.18 and a 200 day moving average of $15.88.

Hayward Company Profile

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.