Homestead Advisers Corp Trims Stock Position in Hayward Holdings, Inc. $HAYW

Homestead Advisers Corp reduced its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 371,500 shares of the company’s stock after selling 72,800 shares during the quarter. Homestead Advisers Corp’s holdings in Hayward were worth $5,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in Hayward in the 2nd quarter worth approximately $330,000. PineStone Asset Management Inc. raised its position in shares of Hayward by 14.2% during the 3rd quarter. PineStone Asset Management Inc. now owns 595,200 shares of the company’s stock worth $8,999,000 after buying an additional 73,900 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Hayward by 10.3% in the second quarter. Truist Financial Corp now owns 17,609 shares of the company’s stock valued at $243,000 after acquiring an additional 1,638 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Hayward by 17.2% during the second quarter. JPMorgan Chase & Co. now owns 9,056,232 shares of the company’s stock worth $124,976,000 after purchasing an additional 1,330,482 shares in the last quarter. Finally, Equitable Trust Co. lifted its position in Hayward by 76.3% in the second quarter. Equitable Trust Co. now owns 61,297 shares of the company’s stock worth $846,000 after purchasing an additional 26,535 shares during the period.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 52,389 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $16.05, for a total transaction of $840,843.45. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at approximately $10,007,817. This trade represents a 7.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 165,350 shares of company stock valued at $2,655,570. Insiders own 5.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HAYW shares. Weiss Ratings restated a “hold (c)” rating on shares of Hayward in a report on Monday, December 29th. Zacks Research downgraded shares of Hayward from a “strong-buy” rating to a “hold” rating 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 company’s stock. According to data from MarketBeat, Hayward has an average rating of “Hold” and an average target price of $18.00.

Hayward Price Performance

Shares of NYSE:HAYW opened at $16.23 on Thursday. The firm has a market capitalization of $3.52 billion, a PE ratio of 26.18, a PEG ratio of 1.45 and a beta of 1.13. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $17.73. The business’s 50 day moving average is $16.14 and its 200-day moving average is $15.79.

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.