Hudson Bay Capital Management LP Has $12.09 Million Position in Hayward Holdings, Inc. $HAYW

Hudson Bay Capital Management LP boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 78.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 876,346 shares of the company’s stock after purchasing an additional 384,996 shares during the period. Hudson Bay Capital Management LP owned about 0.40% of Hayward worth $12,094,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fiduciary Management Inc. WI grew its holdings in shares of Hayward by 63.0% during the first quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company’s stock worth $93,402,000 after purchasing an additional 2,592,926 shares during the last quarter. Greenhouse Funds LLLP boosted its position in Hayward by 43.4% during the 1st quarter. Greenhouse Funds LLLP now owns 4,589,097 shares of the company’s stock worth $63,880,000 after buying an additional 1,389,434 shares during the period. JPMorgan Chase & Co. boosted its position in Hayward by 17.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,056,232 shares of the company’s stock worth $124,976,000 after buying an additional 1,330,482 shares during the period. AQR Capital Management LLC grew its holdings in Hayward by 36.0% during the 1st quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company’s stock worth $49,094,000 after acquiring an additional 962,402 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in Hayward by 34,359.7% in the 1st quarter. MetLife Investment Management LLC now owns 862,871 shares of the company’s stock valued at $12,011,000 after acquiring an additional 860,367 shares during the period.

Analysts Set New Price Targets

Several brokerages recently issued reports on HAYW. Stifel Nicolaus raised their target price on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Hayward in a research note on Monday, December 8th. Finally, Zacks Research raised Hayward from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $15.16, for a total transaction of $918,256.36. Following the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at approximately $9,452,866.40. 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 the SEC website. Also, CFO Eifion Jones sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $17.50, for a total value of $437,500.00. Following the completion of the transaction, the chief financial officer owned 287,231 shares in the company, valued at approximately $5,026,542.50. The trade was a 8.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 206,713 shares of company stock worth $3,346,725 in the last three months. Insiders own 5.06% of the company’s stock.

Hayward Trading Down 0.1%

NYSE HAYW opened at $16.01 on Monday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 25.82, a P/E/G ratio of 1.68 and a beta of 1.12. The business has a 50 day simple moving average of $15.84 and a 200 day simple moving average of $15.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.18 and a quick ratio of 2.31. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $17.73.

Hayward (NYSE:HAYW) last issued its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $244.34 million for the quarter, compared to analyst estimates of $231.46 million. Hayward had a net margin of 12.54% and a return on equity of 11.24%. Hayward’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Research analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

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.