Pacer Advisors Inc. Has $181,000 Position in Hayward Holdings, Inc. $HAYW

Pacer Advisors Inc. cut its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 98.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,944 shares of the company’s stock after selling 787,992 shares during the quarter. Pacer Advisors Inc.’s holdings in Hayward were worth $181,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HAYW. Steph & Co. acquired a new position in shares of Hayward in the 3rd quarter valued at $41,000. EverSource Wealth Advisors LLC increased its holdings in Hayward by 149.2% in the second quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock valued at $65,000 after purchasing an additional 2,814 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Hayward by 28.9% in the second quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company’s stock valued at $91,000 after buying an additional 1,472 shares during the period. Brighton Jones LLC bought a new position in Hayward during the second quarter worth about $146,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Hayward during the 1st quarter worth about $150,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research downgraded shares of Hayward from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

Hayward Price Performance

Shares of HAYW opened at $15.79 on Friday. The stock has a 50 day simple moving average of $15.99 and a 200 day simple moving average of $15.45. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $17.73. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.31 and a current ratio of 3.18. The firm has a market capitalization of $3.42 billion, a PE ratio of 25.46, a P/E/G ratio of 1.47 and a beta of 1.13.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm 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%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $16.13, for a total value of $977,010.23. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at approximately $10,057,700.20. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eifion Jones sold 25,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $17.50, for a total value of $437,500.00. Following the transaction, the chief financial officer owned 287,231 shares of the company’s stock, valued at approximately $5,026,542.50. This trade represents a 8.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,142 shares of company stock worth $2,428,469 over the last ninety days. 5.06% of the stock is currently owned by insiders.

Hayward Company Profile

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.