Cramer Rosenthal Mcglynn LLC Grows Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Cramer Rosenthal Mcglynn LLC boosted its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,077,392 shares of the company's stock after buying an additional 177,903 shares during the period. Hayward makes up 1.8% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 17th biggest holding. Cramer Rosenthal Mcglynn LLC owned about 0.96% of Hayward worth $31,763,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Hayward in the 4th quarter valued at $356,000. Jump Financial LLC bought a new stake in Hayward in the fourth quarter valued at $210,000. Mariner LLC increased its stake in Hayward by 18.2% in the fourth quarter. Mariner LLC now owns 34,529 shares of the company's stock valued at $528,000 after purchasing an additional 5,328 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Hayward by 11.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 22,348 shares of the company's stock valued at $342,000 after purchasing an additional 2,208 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of Hayward by 61.9% during the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock worth $131,000 after purchasing an additional 3,268 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HAYW shares. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research note on Monday, January 6th. 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 price target for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Hayward has an average rating of "Hold" and an average target price of $17.13.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 5.06% of the company's stock.

Hayward Stock Up 4.2 %

Hayward stock traded up $0.51 during trading on Wednesday, hitting $12.56. 1,078,063 shares of the company were exchanged, compared to its average volume of 1,723,792. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The business's 50 day moving average is $13.56 and its 200 day moving average is $14.75. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $16.87. The company has a market capitalization of $2.72 billion, a P/E ratio of 29.90, a PEG ratio of 1.87 and a beta of 1.14.

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

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.