Champlain Investment Partners LLC Sells 1,234,942 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Champlain Investment Partners LLC lowered its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 36.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,158,772 shares of the company's stock after selling 1,234,942 shares during the period. Champlain Investment Partners LLC owned about 1.00% of Hayward worth $33,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after purchasing an additional 671 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Hayward by 98.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company's stock worth $78,000 after acquiring an additional 2,524 shares in the last quarter. KBC Group NV grew its stake in shares of Hayward by 56.2% during the fourth quarter. KBC Group NV now owns 6,343 shares of the company's stock worth $97,000 after acquiring an additional 2,283 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Hayward by 61.9% during the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after buying an additional 3,268 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock worth $156,000 after buying an additional 2,062 shares during the period.

Hayward Trading Up 4.1 %

HAYW traded up $0.50 during trading on Wednesday, hitting $12.55. 1,020,136 shares of the company's stock were exchanged, compared to its average volume of 1,862,539. The stock has a 50 day moving average price of $13.56 and a 200 day moving average price of $14.75. The firm has a market cap of $2.71 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HAYW shares. Wolfe Research lowered Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus raised shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price for the company in a research note on Wednesday, February 5th. 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 report on Friday, February 28th. Finally, KeyCorp reissued a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.13.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total value of $626,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares of the company's stock, valued at approximately $7,806,720.80. This trade represents a 7.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.06% of the company's stock.

Hayward 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.