Pallas Capital Advisors LLC Raises Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Pallas Capital Advisors LLC grew its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 146.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,935 shares of the company’s stock after acquiring an additional 19,590 shares during the period. Pallas Capital Advisors LLC’s holdings in Hayward were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HAYW. Equitable Trust Co. raised its stake in Hayward by 2.3% during the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company’s stock valued at $519,000 after purchasing an additional 749 shares during the period. CIBC Asset Management Inc raised its position in shares of Hayward by 5.4% during the third quarter. CIBC Asset Management Inc now owns 15,412 shares of the company’s stock valued at $236,000 after buying an additional 784 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Hayward by 2.2% in the second quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock worth $517,000 after buying an additional 887 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hayward by 2,710.1% during the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $34,000 after acquiring an additional 2,141 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Hayward during the third quarter valued at $43,000.

Hayward Trading Up 0.8 %

Shares of HAYW opened at $14.43 on Wednesday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $16.87. The company has a 50-day moving average of $15.68 and a 200 day moving average of $14.75.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The firm had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Hayward Holdings, Inc. will post 0.61 EPS for the current year.

Analyst Ratings Changes

HAYW has been the subject of several research reports. KeyCorp reissued a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. The Goldman Sachs Group increased their price target on Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus lifted their price objective on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Robert W. Baird upped their price objective on Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.50.

Insider Buying and Selling at Hayward

In other news, CFO Eifion Jones sold 75,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the transaction, the chief financial officer now directly owns 258,903 shares in the company, valued at approximately $4,170,927.33. This trade represents a 22.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin Holleran sold 100,000 shares of Hayward stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $8,343,872.04. The trade was a 16.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by corporate insiders.

Hayward Company 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.