JPMorgan Chase & Co. Has $176.66 Million Position in Hayward Holdings, Inc. $HAYW

JPMorgan Chase & Co. raised its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 29.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,683,580 shares of the company’s stock after purchasing an additional 2,627,348 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.05% of Hayward worth $176,656,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Hayward by 36.2% in the 1st quarter. Royal Bank of Canada now owns 126,506 shares of the company’s stock valued at $1,760,000 after purchasing an additional 33,614 shares during the period. Millennium Management LLC boosted its stake in shares of Hayward by 6.8% in the 1st quarter. Millennium Management LLC now owns 486,132 shares of the company’s stock valued at $6,767,000 after purchasing an additional 30,763 shares in the last quarter. Jane Street Group LLC boosted its position in Hayward by 8.2% in the first quarter. Jane Street Group LLC now owns 38,064 shares of the company’s stock valued at $530,000 after buying an additional 2,885 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Hayward by 1.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 137,077 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,702 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its stake in shares of Hayward by 22.3% during the second quarter. Focus Partners Advisor Solutions LLC now owns 13,187 shares of the company’s stock valued at $182,000 after purchasing an additional 2,406 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HAYW. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a research note on Monday, December 29th. Zacks Research lowered 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.00.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $16.13, for a total value of $977,010.23. Following the transaction, the chief executive officer owned 623,540 shares in the company, valued at approximately $10,057,700.20. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 165,350 shares of company stock worth $2,655,570. 5.06% of the stock is currently owned by corporate insiders.

Hayward Price Performance

Shares of NYSE HAYW opened at $16.27 on Friday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 26.23, a P/E/G ratio of 1.53 and a beta of 1.13. The firm’s 50-day moving average price is $16.24 and its 200-day moving average price is $15.92. The company has a current ratio of 3.18, a quick ratio of 2.31 and a debt-to-equity ratio of 0.62. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $17.73.

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.