Lecap Asset Management Ltd. Purchases New Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Lecap Asset Management Ltd. purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 43,487 shares of the company's stock, valued at approximately $665,000.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Hayward by 30.2% during 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. Equitable Trust Co. raised its position in shares of Hayward by 2.3% during the 3rd quarter. Equitable Trust Co. now owns 33,843 shares of the company's stock valued at $519,000 after acquiring an additional 749 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Hayward by 5.4% during the third quarter. CIBC Asset Management Inc now owns 15,412 shares of the company's stock worth $236,000 after purchasing an additional 784 shares during the last quarter. Choreo LLC boosted its holdings in Hayward by 3.9% in the fourth quarter. Choreo LLC now owns 29,741 shares of the company's stock worth $454,000 after purchasing an additional 1,107 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in 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 purchasing an additional 2,062 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HAYW shares. The Goldman Sachs Group raised their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. KeyCorp reissued a "sector weight" rating on shares of Hayward in a report on Monday, January 6th. Robert W. Baird lifted their target price on Hayward from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target on the stock in a research report on Wednesday, February 5th.

Hayward Stock Performance

Shares of HAYW stock traded up $0.32 during trading hours on Tuesday, reaching $14.37. The stock had a trading volume of 1,317,120 shares, compared to its average volume of 1,499,160. 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 firm has a 50-day simple moving average of $15.19 and a 200-day simple moving average of $15.06. The firm has a market capitalization of $3.09 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 1.90 and a beta of 1.16. Hayward Holdings, Inc. has a twelve month low of $11.96 and a twelve month high of $16.87.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company's stock, valued at approximately $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.25% of the stock is owned by company 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.