Arrowstreet Capital Limited Partnership Buys 2,769,273 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Arrowstreet Capital Limited Partnership boosted its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 525.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,295,833 shares of the company's stock after acquiring an additional 2,769,273 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.53% of Hayward worth $50,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAYW. Charles Schwab Investment Management Inc. increased its position in shares of Hayward by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company's stock worth $19,417,000 after acquiring an additional 251,788 shares during the last quarter. Cerity Partners LLC acquired a new stake in Hayward during the 3rd quarter valued at approximately $706,000. Quantbot Technologies LP increased its holdings in Hayward by 118.4% during the 3rd quarter. Quantbot Technologies LP now owns 48,550 shares of the company's stock worth $745,000 after purchasing an additional 26,324 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Hayward by 18.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company's stock worth $86,476,000 after purchasing an additional 878,705 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Hayward during the 3rd quarter valued at approximately $217,000.

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on HAYW shares. Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a research note on Wednesday, February 5th. Wolfe Research downgraded shares of Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Finally, Robert W. Baird lifted their price target on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hayward has an average rating of "Hold" and an average price target of $17.13.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 50,000 shares of the company's stock in a transaction 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 of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 3.25% of the company's stock.

Hayward Price Performance

Shares of HAYW stock traded down $0.22 during mid-day trading on Friday, hitting $12.21. 4,820,207 shares of the stock traded hands, compared to its average volume of 1,685,947. Hayward Holdings, Inc. has a twelve month low of $11.54 and a twelve month high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The company's 50-day simple moving average is $14.30 and its 200-day simple moving average is $15.04. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.

Hayward (NYSE:HAYW - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The firm had revenue of $327.08 million during 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, equities research analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

About Hayward

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.