ING Groep NV Takes Position in Hayward Holdings, Inc. $HAYW

ING Groep NV purchased a new position in Hayward Holdings, Inc. (NYSE:HAYW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 66,200 shares of the company’s stock, valued at approximately $1,001,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Hayward by 17.2% in the second quarter. JPMorgan Chase & Co. now owns 9,056,232 shares of the company’s stock worth $124,976,000 after purchasing an additional 1,330,482 shares in the last quarter. American Century Companies Inc. grew its position in shares of Hayward by 11.9% in the 2nd quarter. American Century Companies Inc. now owns 6,439,016 shares of the company’s stock worth $88,858,000 after buying an additional 686,664 shares during the last quarter. Greenhouse Funds LLLP grew its position in shares of Hayward by 14.5% in the 2nd quarter. Greenhouse Funds LLLP now owns 5,253,834 shares of the company’s stock worth $72,503,000 after buying an additional 664,737 shares during the last quarter. BBR Partners LLC raised its stake in shares of Hayward by 4.2% during the 2nd quarter. BBR Partners LLC now owns 4,591,730 shares of the company’s stock worth $63,366,000 after acquiring an additional 183,691 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Hayward by 12.7% during the second quarter. Jennison Associates LLC now owns 4,030,965 shares of the company’s stock valued at $55,627,000 after acquiring an additional 455,555 shares during the last quarter.

Wall Street Analysts Forecast Growth

HAYW has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a report on Monday, December 29th. Zacks Research cut Hayward from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.00.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 52,389 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $16.05, for a total value of $840,843.45. Following the transaction, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at approximately $10,007,817. This represents a 7.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 165,350 shares of company stock worth $2,655,570. Insiders own 5.06% of the company’s stock.

Hayward Trading Up 1.3%

NYSE HAYW opened at $16.74 on Friday. The company has a fifty day simple moving average of $16.18 and a two-hundred day simple moving average of $15.88. The stock has a market cap of $3.63 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.56 and a beta of 1.13. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $17.73. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62.

About Hayward

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.