Landscape Capital Management L.L.C., an institutional investor, has reduced its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 35.2% in the first quarter of this year, according to the company’s recent filing with the SEC. The investor now owns 14,671 shares of Hayward’s stock after selling 7,985 shares during the quarter. As of its most recent SEC filing, Landscape Capital Management L.L.C.’s holdings in Hayward were valued at $172,000.
In addition to this development, there have been some notable transactions involving Hayward’s stock. Director Arthur L. Soucy sold 15,712 shares on June 1st at an average price of $10.65 per share, amounting to a total transaction value of $167,332.80. Following the sale, Soucy now holds 8,891 shares directly, with a value estimated at approximately $94,689.15.
Furthermore, another director named Arthur L. Soucy sold 15,712 shares of the company’s stock on June 1st for an average price of $10.65 per share as well. This transaction had a total value of $167,332.80 and brought Soucy’s direct ownership to 8,891 shares valued at around $94,689.15.
On August 15th, Vice President Fernando Blasco also sold some of Hayward’s stock. Blasco sold 10,000 shares at an average price of $14.20 per share for a total value of $142,000. Following this transaction, Blasco now owns 14,857 shares directly valued at $210,969.40.
It is worth noting that insider trading activity has been prevalent within the company recently as insiders have collectively sold around 178,242 shares over the past ninety days with a total value of approximately $2,367143.
According to filings with the SEC, corporate insiders currently hold 3.20% of Hayward’s stock.
These recent transactions reflect a shift in ownership within Hayward Holdings, Inc. While Landscape Capital Management L.L.C. has reduced its stake in the company, directors Arthur L. Soucy and Vice President Fernando Blasco have also sold shares of the company. Observing insider trading activity can provide insights into the overall market sentiment towards a particular company and its stock.
It is important for investors and market participants to keep abreast of such developments as they can potentially impact stock prices and overall investment decisions.
Hayward Holdings, Inc.
Updated on: 03/03/2024
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Buy
We did not find social sentiment data for this stock
|Analyst / firm
Stakeholder Composition Shifts and Analyst Views on Hayward Holdings as it Navigates Market Challenges
Hayward Holdings, Inc. (NYSE:HAYW) has been witnessing significant changes in its stakeholder composition recently, as several institutional investors have either increased or decreased their stakes in the company. One such investor is MSD Partners L.P., which acquired a new position in Hayward during the fourth quarter of 2022. The value of this position was estimated to be around $672,458,000.
Another major institutional investor, Victory Capital Management Inc., saw a staggering increase of 13,096.1% in its holdings of Hayward during the same period. The company now owns approximately 3,344,944 shares of Hayward’s stock with a value of $31,442,000 after purchasing an additional 3,319,596 shares.
Jennison Associates LLC also joined the list of investors by acquiring a new position in Hayward during the first quarter of this year. Their investment was estimated to be worth around $26,429,000.
Morgan Stanley witnessed an astonishing boost in its holdings of Hayward by 964.4% during the fourth quarter of 2022. The financial giant now possesses approximately 2,431,550 shares of the company’s stock valued at $22,857,000 after purchasing an additional 2,203,115 shares.
Granite Investment Partners LLC entered the scene as well by acquiring a new position in Hayward during the first quarter for an approximate amount of $18,070
Many equity analysts have voiced their opinions about Hayward Holdings over recent months. Morgan Stanley hiked their target price for the company’s stock from $13.00 to $14.00 while maintaining an “equal weight” rating on it. The Goldman Sachs Group also raised their target price from $12.00 to $13.50 and assigned a “neutral” rating to it.
KeyCorp gave an optimistic forecast for Hayward by lifting their target price from $15.00 to $17.00 and issuing an “overweight” rating. Stifel Nicolaus, meanwhile, upgraded Hayward’s rating from “hold” to “buy” and increased their price objective from $14.00 to $16.50.
According to data from Bloomberg, Hayward currently holds a consensus rating of “Hold” based on the opinions of analysts, with an average price target of $13.38.
On the trading front, Hayward opened at $13.87 on August 22, 2023. The company boasts a quick ratio of 1.98 and a current ratio of 3.14 in terms of its liquidity position. Its debt-to-equity ratio stands at 0.85. Moreover, Hayward demonstrates stable financial indicators with a 200-day moving average of $12.97 and a market capitalization value of $2.95 billion.
In terms of its recent earnings report released on August 2nd, Hayward managed to exceed analysts’ consensus estimates by reporting $0.19 earnings per share for the quarter, surpassing expectations by $0
The company’s revenue for this period stood at $283.54 million compared to an estimated figure of $266.69 million by analysts.
Hayward experienced a YoY decrease in revenue by 29%, which was attributed to various factors impacting the business environment during that time.
Analysts predict that Hayward Holdings will post an EPS (earnings per share) value of around 0
for the current year based on their calculations and projections.
Despite fluctuations in investor composition and varying analyst views on the company’s performance, Hayward Holdings continues to navigate the market with careful consideration while aiming for sustained growth in its sector throughout this challenging period.