Alliancebernstein L.P. Lowers Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Alliancebernstein L.P. reduced its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,924,610 shares of the company's stock after selling 209,628 shares during the quarter. Alliancebernstein L.P. owned approximately 0.89% of Hayward worth $29,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Captrust Financial Advisors purchased a new position in Hayward in the third quarter valued at about $217,000. Point72 Asset Management L.P. purchased a new position in Hayward in the third quarter valued at approximately $210,000. State Street Corp grew its holdings in Hayward by 8.5% during the third quarter. State Street Corp now owns 4,355,277 shares of the company's stock valued at $66,810,000 after purchasing an additional 341,424 shares during the period. Wellington Management Group LLP purchased a new stake in Hayward in the third quarter worth $20,391,000. Finally, Geode Capital Management LLC raised its stake in shares of Hayward by 8.0% in the third quarter. Geode Capital Management LLC now owns 2,232,773 shares of the company's stock valued at $34,260,000 after buying an additional 165,369 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HAYW shares. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective for the company in a report on Wednesday, February 5th. KeyCorp reiterated a "sector weight" rating on shares of Hayward in a research note on Monday, January 6th. Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Finally, Robert W. Baird lifted their price objective on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Four investment 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 stock currently has a consensus rating of "Hold" and a consensus price target of $17.13.

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Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the transaction, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $7,806,720.80. This represents a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.25% of the stock is owned by corporate insiders.

Hayward Price Performance

Shares of HAYW traded up $0.08 during midday trading on Friday, hitting $12.02. 2,184,423 shares of the company traded hands, compared to its average volume of 1,713,908. The stock has a 50-day moving average of $13.88 and a 200-day moving average of $14.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The firm has a market cap of $2.60 billion, a P/E ratio of 28.62, a PEG ratio of 1.87 and a beta of 1.14.

Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $327.08 million for the quarter, compared to analysts' expectations of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. As a group, sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Hayward Company Profile

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.