Heartland Advisors Inc. Cuts Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Heartland Advisors Inc. reduced its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 627,754 shares of the company's stock after selling 32,654 shares during the quarter. Heartland Advisors Inc. owned about 0.29% of Hayward worth $9,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. MSD Capital L P purchased a new position in Hayward in the third quarter valued at about $418,901,000. BBR Partners LLC purchased a new position in shares of Hayward in the 4th quarter worth approximately $67,399,000. Vanguard Group Inc. grew its position in shares of Hayward by 22.8% in the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock worth $295,174,000 after buying an additional 3,589,352 shares during the last quarter. Michael & Susan Dell Foundation bought a new position in shares of Hayward during the 3rd quarter worth approximately $39,646,000. Finally, American Century Companies Inc. lifted its position in Hayward by 31.2% during the fourth quarter. American Century Companies Inc. now owns 6,109,632 shares of the company's stock valued at $93,416,000 after acquiring an additional 1,453,282 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird raised their target price on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. KeyCorp reiterated a "sector weight" rating on shares of Hayward in a report on Monday, January 6th. Finally, Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective for the company in a research note on Wednesday, February 5th.

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Hayward Price Performance

Hayward stock traded down $0.13 during trading on Tuesday, reaching $13.79. The company had a trading volume of 430,551 shares, compared to its average volume of 1,708,825. The firm has a market capitalization of $2.98 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. The firm's 50-day simple moving average is $14.47 and its 200 day simple moving average is $15.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. Hayward Holdings, Inc. has a 1-year low of $11.96 and a 1-year high of $16.87.

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

Insider Activity at Hayward

In other Hayward 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 transaction 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 trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.25% of the stock is currently owned by insiders.

Hayward Company 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.