Raymond James Financial Inc. Makes New $11.75 Million Investment in Hayward Holdings, Inc. (NYSE:HAYW)

Raymond James Financial Inc. purchased a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 768,639 shares of the company's stock, valued at approximately $11,752,000. Raymond James Financial Inc. owned 0.36% of Hayward as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after buying an additional 671 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Hayward by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 15,412 shares of the company's stock worth $236,000 after buying an additional 784 shares during the last quarter. Choreo LLC boosted its stake in shares of Hayward by 3.9% in the 4th quarter. Choreo LLC now owns 29,741 shares of the company's stock valued at $454,000 after purchasing an additional 1,107 shares in the last quarter. Keybank National Association OH grew its holdings in shares of Hayward by 4.0% during the 4th quarter. Keybank National Association OH now owns 51,754 shares of the company's stock valued at $791,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Pacer Advisors Inc. increased 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 buying an additional 2,062 shares in the last quarter.

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Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.52, for a total transaction of $726,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on HAYW. KeyCorp reiterated a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price on the stock in a research report on Wednesday, February 5th. Finally, Robert W. Baird lifted their target price on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, February 28th.

Hayward Stock Up 1.8 %

Shares of HAYW traded up $0.25 during trading hours on Monday, hitting $14.24. The stock had a trading volume of 1,375,175 shares, compared to its average volume of 1,600,505. The firm has a 50 day simple moving average of $14.55 and a 200-day simple moving average of $15.07. Hayward Holdings, Inc. has a 1-year low of $11.96 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 capitalization of $3.08 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $327.08 million during the quarter, compared to analysts' expectations of $302.76 million. Sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal 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.