Jennison Associates LLC Increases Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Jennison Associates LLC lifted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,380,867 shares of the company's stock after acquiring an additional 201,116 shares during the quarter. Jennison Associates LLC owned approximately 1.57% of Hayward worth $51,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Hayward by 2,710.1% in the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company's stock valued at $34,000 after buying an additional 2,141 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Hayward during the 3rd quarter worth approximately $43,000. True Wealth Design LLC acquired a new position in Hayward during the 3rd quarter worth approximately $44,000. Harbor Investment Advisory LLC raised its stake in shares of Hayward by 98.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company's stock worth $78,000 after purchasing an additional 2,524 shares during the last quarter. Finally, KBC Group NV raised 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 purchasing an additional 2,283 shares during the last quarter.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 100,000 shares of Hayward stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.96, for a total transaction of $1,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $8,343,872.04. This trade represents a 16.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group increased their price target on Hayward from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Robert W. Baird increased their price objective on Hayward from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. KeyCorp restated a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Finally, Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective on the stock in a report on Wednesday.

Hayward Trading Down 3.6 %

Shares of NYSE HAYW traded down $0.54 during trading hours on Friday, hitting $14.16. The company's stock had a trading volume of 1,531,908 shares, compared to its average volume of 1,402,236. The business has a 50-day simple moving average of $15.26 and a 200-day simple moving average of $15.02. 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 stock has a market cap of $3.05 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 1.90 and a beta of 1.16. Hayward Holdings, Inc. has a 12 month low of $11.96 and a 12 month high of $16.87.

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.