Heartland Advisors Inc. Decreases Holdings in Hayward Holdings, Inc. $HAYW

Heartland Advisors Inc. reduced its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402,163 shares of the company’s stock after selling 68,798 shares during the period. Heartland Advisors Inc. owned 0.19% of Hayward worth $6,081,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in Hayward by 36.2% during the first quarter. Royal Bank of Canada now owns 126,506 shares of the company’s stock valued at $1,760,000 after acquiring an additional 33,614 shares during the period. Millennium Management LLC raised its stake in shares of Hayward by 6.8% in the 1st quarter. Millennium Management LLC now owns 486,132 shares of the company’s stock valued at $6,767,000 after purchasing an additional 30,763 shares in the last quarter. Jane Street Group LLC grew its position in shares of Hayward by 8.2% in the 1st quarter. Jane Street Group LLC now owns 38,064 shares of the company’s stock worth $530,000 after acquiring an additional 2,885 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Hayward by 2.0% during the second 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. Finally, State of New Jersey Common Pension Fund D boosted its stake in Hayward by 1.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 137,077 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,702 shares during the period.

Wall Street Analysts Forecast Growth

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

Hayward Stock Down 1.3%

NYSE HAYW opened at $16.50 on Wednesday. The stock has a market cap of $3.58 billion, a PE ratio of 26.60, a P/E/G ratio of 1.56 and a beta of 1.13. The stock’s 50 day moving average is $16.22 and its 200 day moving average is $15.90. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 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.

Insider Activity at Hayward

In other news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $16.13, for a total transaction of $977,010.23. Following the transaction, the chief executive officer owned 623,540 shares of the company’s stock, valued at approximately $10,057,700.20. This represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 165,350 shares of company stock valued at $2,655,570 in the last quarter. Corporate insiders own 5.06% of the company’s stock.

Hayward 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.