Schroder Investment Management Group lowered its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,013,732 shares of the company's stock after selling 419,593 shares during the period. Schroder Investment Management Group owned about 1.40% of Hayward worth $46,050,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. BBR Partners LLC acquired a new position in shares of Hayward in the fourth quarter valued at approximately $67,399,000. Vanguard Group Inc. increased its stake in Hayward by 22.8% in the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after purchasing an additional 3,589,352 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Hayward by 525.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company's stock worth $50,393,000 after buying an additional 2,769,273 shares during the period. American Century Companies Inc. boosted its stake in Hayward by 31.2% in the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company's stock worth $93,416,000 after buying an additional 1,453,282 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Hayward during the 3rd quarter worth about $20,391,000.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday. Finally, Stifel Nicolaus upgraded 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Hayward currently has a consensus rating of "Hold" and a consensus target price of $17.13.
Read Our Latest Stock Report on Hayward
Insider Activity
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 transaction of $626,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.25% of the company's stock.
Hayward Stock Down 1.8 %
Hayward stock traded down $0.22 during trading on Friday, reaching $12.21. 4,820,207 shares of the company's stock were exchanged, compared to its average volume of 1,685,947. Hayward Holdings, Inc. has a 52-week low of $11.54 and a 52-week high of $16.87. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.87 and a beta of 1.14. 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 moving average is $14.30 and its two-hundred day moving average is $15.04.
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 the consensus estimate of $0.24 by $0.03. The company had revenue of $327.08 million during 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%. On average, analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.
About Hayward
(
Free Report)
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.
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