Truist Financial Corp lifted its position in shares of Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,507 shares of the company’s stock after acquiring an additional 1,395 shares during the quarter. Truist Financial Corp’s holdings in Hayward were worth $264,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. lifted its stake in Hayward by 16.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 12,876 shares of the company’s stock worth $212,000 after purchasing an additional 1,844 shares in the last quarter. BlackRock Inc. raised its position in Hayward by 7.6% in the first quarter. BlackRock Inc. now owns 1,842,041 shares of the company’s stock valued at $30,617,000 after purchasing an additional 129,777 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Hayward in the first quarter valued at approximately $304,000. Blair William & Co. IL raised its position in Hayward by 30.8% in the first quarter. Blair William & Co. IL now owns 46,828 shares of the company’s stock valued at $778,000 after purchasing an additional 11,020 shares during the period. Finally, Vanguard Group Inc. raised its position in Hayward by 0.4% in the first quarter. Vanguard Group Inc. now owns 7,257,039 shares of the company’s stock valued at $120,612,000 after purchasing an additional 30,762 shares during the period.
Insider Buying and Selling
In related news, VP Fernando Blasco sold 9,250 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $14.39, for a total transaction of $133,107.50. Following the completion of the transaction, the vice president now directly owns 14,857 shares of the company’s stock, valued at $213,792.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by corporate insiders.
Hayward Price Performance
Shares of HAYW opened at $10.75 on Tuesday. Hayward Holdings, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $15.22. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 37.07 and a beta of 1.09. The firm has a 50-day simple moving average of $12.77 and a 200-day simple moving average of $12.67. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.13 and a current ratio of 3.25.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HAYW. Stifel Nicolaus cut their price objective on Hayward from $16.50 to $15.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. The Goldman Sachs Group dropped their target price on Hayward from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. KeyCorp dropped their target price on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Finally, Morgan Stanley increased their target price on Hayward from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.57.
View Our Latest Stock Analysis on HAYW
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.
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Source: defenseworld.net
