Oppenheimer Asset Management Inc. Acquires 19,983 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Oppenheimer Asset Management Inc. lifted its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 53.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,401 shares of the company’s stock after buying an additional 19,983 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Hayward were worth $878,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HAYW. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hayward in the 3rd quarter worth about $426,000. Principal Financial Group Inc. increased its holdings in shares of Hayward by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock worth $10,253,000 after buying an additional 44,978 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Hayward in the 3rd quarter worth about $43,000. Equitable Trust Co. increased its holdings in shares of Hayward by 2.3% in the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock worth $519,000 after buying an additional 749 shares during the last quarter. Finally, WCM Investment Management LLC increased its holdings in shares of Hayward by 2.2% in the 3rd quarter. WCM Investment Management LLC now owns 2,041,398 shares of the company’s stock worth $31,152,000 after buying an additional 43,222 shares during the last quarter.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. This represents a 8.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HAYW has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Stifel Nicolaus upgraded shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a report on Wednesday, February 5th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th.

Hayward Stock Performance

Shares of NYSE:HAYW opened at $14.22 on Wednesday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.87 and a beta of 1.16. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a 12 month low of $11.96 and a 12 month high of $16.87. The firm’s 50-day moving average is $14.75 and its 200 day moving average is $15.09.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $327.08 million during the quarter, compared to analysts’ expectations of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. Research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Hayward Profile

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.