Massachusetts Financial Services Co. MA Has $39.94 Million Position in Hayward Holdings, Inc. (NYSE:HAYW)

Massachusetts Financial Services Co. MA reduced its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,611,806 shares of the company's stock after selling 173,882 shares during the period. Massachusetts Financial Services Co. MA owned about 1.21% of Hayward worth $39,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAYW. Blue Trust Inc. grew 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 purchasing an additional 671 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in Hayward by 98.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company's stock valued at $78,000 after purchasing an additional 2,524 shares in the last quarter. KBC Group NV boosted its stake in 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 in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Hayward by 25.4% during 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 last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Hayward in the fourth quarter valued at $162,000.

Analyst Ratings Changes

HAYW has been the topic of a number of research analyst reports. KeyCorp reissued a "sector weight" rating on shares of Hayward in a report on Monday, January 6th. Robert W. Baird raised 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. Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price for the company in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Hayward presently has an average rating of "Hold" and an average target price of $17.13.

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Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares of the company's stock, valued at $7,806,720.80. The trade was a 7.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.25% of the company's stock.

Hayward Trading Down 6.3 %

Shares of HAYW stock traded down $0.78 during trading hours on Thursday, reaching $11.62. The company had a trading volume of 676,952 shares, compared to its average volume of 1,701,970. 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 current ratio of 2.62 and a quick ratio of 1.69. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.87 and a beta of 1.14. The company has a 50 day moving average of $13.97 and a 200 day moving average of $14.94.

Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share 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 analyst estimates of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. On average, equities research analysts anticipate 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.