Kovitz Investment Group Partners LLC Increases Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Kovitz Investment Group Partners LLC boosted its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 385.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,433,106 shares of the company's stock after purchasing an additional 6,696,170 shares during the quarter. Kovitz Investment Group Partners LLC owned about 3.91% of Hayward worth $128,942,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HAYW. Blue Trust Inc. increased its holdings in shares of Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after buying an additional 671 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Hayward by 98.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company's stock worth $78,000 after buying an additional 2,524 shares during the last quarter. KBC Group NV increased its holdings in shares of Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock worth $97,000 after buying an additional 2,283 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Hayward by 61.9% during the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after purchasing an additional 3,268 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Hayward by 25.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock valued at $156,000 after purchasing an additional 2,062 shares during the last quarter.

Insiders Place Their Bets

In other 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 value of $626,000.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on HAYW. KeyCorp reiterated a "sector weight" rating on shares of Hayward in a report on Monday, January 6th. Wolfe Research downgraded shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Robert W. Baird upped their price target on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Finally, Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target on the stock in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.13.

Hayward Trading Up 1.9 %

HAYW traded up $0.25 during trading on Monday, hitting $13.14. 1,999,945 shares of the stock were exchanged, compared to its average volume of 1,734,997. The firm has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $14.71. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. 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 (NYSE:HAYW - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $327.08 million for 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%. As a group, equities analysts expect that Hayward Holdings, Inc. will post 0.6 EPS 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.