Charles Schwab Investment Management Inc. raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,429,715 shares of the company's stock after purchasing an additional 163,921 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.66% of Hayward worth $21,860,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Hayward by 30.2% in the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after acquiring an additional 671 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Hayward by 5.4% in the third quarter. CIBC Asset Management Inc now owns 15,412 shares of the company's stock worth $236,000 after acquiring an additional 784 shares during the last quarter. Choreo LLC increased its stake in shares of Hayward by 3.9% in the fourth quarter. Choreo LLC now owns 29,741 shares of the company's stock worth $454,000 after acquiring an additional 1,107 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Hayward by 25.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock worth $156,000 after acquiring an additional 2,062 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Hayward by 56.2% in 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.
Insider Activity at Hayward
In related news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company's stock, valued at $7,591,041.48. This represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.25% of the stock is owned by corporate insiders.
Hayward Stock Performance
Shares of NYSE HAYW traded down $0.28 during mid-day trading on Friday, hitting $13.96. The company had a trading volume of 1,816,658 shares, compared to its average volume of 1,598,235. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The business's 50-day simple moving average is $14.55 and its 200-day simple moving average is $15.05. Hayward Holdings, Inc. has a 12 month low of $11.96 and a 12 month high of $16.87. The firm has a market cap of $3.01 billion, a P/E ratio of 33.23, a PEG ratio of 1.87 and a beta of 1.16.
Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share 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 business had revenue of $327.08 million during the quarter, compared to analysts' expectations of $302.76 million. As a group, analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have commented on HAYW. Robert W. Baird increased their target price on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. KeyCorp reissued a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Finally, Stifel Nicolaus raised shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price on the stock in a research report on Wednesday, February 5th.
View Our Latest Stock Analysis on HAYW
Hayward Company Profile
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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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