Champlain Investment Partners LLC Has $52.06 Million Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Champlain Investment Partners LLC trimmed its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 43.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,393,714 shares of the company’s stock after selling 2,656,671 shares during the period. Champlain Investment Partners LLC’s holdings in Hayward were worth $52,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Hayward during the 2nd quarter worth about $30,000. Blue Trust Inc. lifted its holdings in shares of Hayward by 2,710.1% during the 3rd 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 period. Capital Performance Advisors LLP bought a new position in shares of Hayward during the 3rd quarter worth about $43,000. nVerses Capital LLC bought a new position in shares of Hayward during the 2nd quarter worth about $64,000. Finally, Quest Partners LLC lifted its holdings in Hayward by 217.7% during the 2nd quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock valued at $97,000 after purchasing an additional 5,420 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Hayward from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their price target on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday, October 28th. Robert W. Baird lifted their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.80.

Hayward Trading Up 0.4 %

Shares of NYSE HAYW opened at $16.06 on Friday. Hayward Holdings, Inc. has a 1-year low of $11.54 and a 1-year high of $16.87. The company has a market cap of $3.46 billion, a PE ratio of 38.24, a P/E/G ratio of 2.24 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average of $15.34 and a two-hundred day moving average of $14.30.

Hayward (NYSE:HAYW) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company had revenue of $227.57 million during the quarter, compared to the consensus estimate of $222.88 million. During the same period 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. As a group, equities analysts expect that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total transaction of $612,426.53. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at $7,470,797.71. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.11, for a total transaction of $1,208,250.00. Following the sale, the chief financial officer now owns 258,903 shares of the company’s stock, valued at approximately $4,170,927.33. This represents a 22.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 217,857 shares of company stock worth $3,416,677 in the last quarter. 3.25% of the stock is owned by company insiders.

About Hayward

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.