Hayward Holdings Inc. [HAYW] Investment Appeal on the Rise

CHWY Stock
CHWY Stock

Hayward Holdings Inc.’s recently made public that its VP&GM, Europe & Rest of World BLASCO FERNANDO unloaded Company’s shares for reported $0.14 million on Aug 30. In the deal valued at $14.50 per share,10,000 shares were sold. As a result of this transaction, BLASCO FERNANDO now holds 14,857 shares worth roughly $ 0.22 million.

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Then, BLASCO FERNANDO sold 10,000 shares, generating $142,027 in total proceeds. Upon selling the shares at $14.20, the VP&GM, Europe & Rest of World now owns 14,857 shares.

Before that, Jones Eifion sold 35,000 shares. Hayward Holdings Inc. shares valued at $513,072 were divested by the Senior Vice President and CFO at a price of $14.66 per share. As a result of the transaction, Jones Eifion now holds 211,862 shares, worth roughly $3.16 million.

Stifel upgraded its Hayward Holdings Inc. [HAYW] rating to a Buy from a a Hold in a research note published on Friday, August 03, 2023; the price target was increased to $16.50 from $14. PT values the company’s stock at a premium of 9.64 to its Friday closing price.

Price Performance Review of HAYW

On Friday, Hayward Holdings Inc. [NYSE:HAYW] saw its stock jump 0.74% to $14.91. On the same session, the stock had its day’s lowest price of $14.85, but rose to a high of $15.205. Over the last five days, the stock has gained 7.97%. Hayward Holdings Inc. shares have risen nearly 58.62% since the year began. Nevertheless, the stocks have risen 41.86% over the past one year. While a 52-week high of $15.22 was reached on 08/07/23, a 52-week low of $7.97 was recorded on 01/03/23. SMA at 50 days reached $13.46, while 200 days put it at $11.88. A total of 2.02 million shares were traded, compared to the trading of 1.69 million shares in the previous session.

Levels Of Support And Resistance For HAYW Stock

The 24-hour chart illustrates a support level at 14.77, which if violated will result in even more drops to 14.63. On the upside, there is a resistance level at 15.13. A further resistance level may holdings at 15.34. The Relative Strength Index (RSI) on the 14-day chart is 67.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.04%. Stochastics %K at 89.32% indicates the stock is a selling.

How much short interest is there in Hayward Holdings Inc.?

A steep rise in short interest was recorded in Hayward Holdings Inc. stocks on Aug 14, 2023, dropping by -1.25 million shares to a total of 18.22 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 19.47 million shares. There was a decline of -6.86%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.12.

Hayward Holdings Inc. [HAYW] – Who Are The Largest Shareholders?

In filings from MSD Partners LP, it is revealed that the company now owns 71,538,085 shares, or roughly 33.57% of the outstanding HAYW shares. Additionally, Fidelity Management & Research Co increased 32.75% of its stake after which the total value it holdings stand at $276,603,997, while The Vanguard Group, Inc. added 11.05% of its stake to hold $153.8 million in the firm. Over the last quarter, JPMorgan Investment Management, I purchased 338,384 shares of Hayward Holdings Inc., while Neuberger Berman Investment Advis bought -232,844 shares. At present, Victory Capital Management, Inc. is holding 5,885,794 shares valued at $78.63 million. Cantillon Capital Management LLC owned 5,522,061 shares of the company at the time of its most recent 13F filing, worth $73.77 million.

According to FactSet, Hayward Holdings Inc.’s share price will average $15.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.8 percent from its previous closing price of $14.80. Analysts expect Hayward Holdings Inc. stock to reach the higher price of $19.00, while the lowest price estimate is $11.00. However, 12 analysts have rated HAYW stock as an Overweight in their predictions for 2023.


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