Prudential Financial Inc. Purchases 1,115,089 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Prudential Financial Inc. raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 779.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,258,236 shares of the company's stock after purchasing an additional 1,115,089 shares during the quarter. Prudential Financial Inc. owned approximately 0.58% of Hayward worth $20,207,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. MSD Capital L P acquired a new stake in shares of Hayward during the third quarter worth $418,901,000. BBR Partners LLC acquired a new stake in Hayward during the 4th quarter worth about $67,399,000. Vanguard Group Inc. raised 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 acquiring an additional 3,589,352 shares in the last quarter. Michael & Susan Dell Foundation acquired a new position in shares of Hayward in the 3rd quarter valued at about $39,646,000. Finally, American Century Companies Inc. boosted its position in shares of Hayward by 31.2% during the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company's stock valued at $93,416,000 after purchasing an additional 1,453,282 shares in the last quarter.

Analysts Set New Price Targets

HAYW has been the topic of several recent analyst reports. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target on the stock in a research note on Wednesday, February 5th. Robert W. Baird lifted their price target on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Finally, KeyCorp reissued a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th.

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Insider Activity

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.25% of the stock is owned by company insiders.

Hayward Stock Performance

NYSE HAYW traded up $0.19 on Monday, hitting $13.93. 2,656,862 shares of the stock traded hands, compared to its average volume of 1,647,477. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 1.87 and a beta of 1.16. The business's fifty day moving average is $14.47 and its two-hundred day 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 12 month low of $11.96 and a 12 month high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 9.93% and a net margin of 9.47%. As a group, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

About Hayward

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.