Sei Investments Co. Raises Position in Hayward Holdings, Inc. (NYSE:HAYW)

Sei Investments Co. boosted its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,128 shares of the company's stock after purchasing an additional 107,064 shares during the period. Sei Investments Co. owned about 0.18% of Hayward worth $5,919,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in shares of Hayward by 30.2% during the fourth 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. Corient Private Wealth LLC grew its holdings in Hayward by 6.9% during the 4th quarter. Corient Private Wealth LLC now owns 12,228 shares of the company's stock worth $187,000 after acquiring an additional 787 shares during the last quarter. CIBC Asset Management Inc increased its position in Hayward by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 16,236 shares of the company's stock valued at $248,000 after acquiring an additional 824 shares during the period. Choreo LLC increased its position in 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 acquiring an additional 1,107 shares during the period. Finally, Xponance Inc. raised its stake in shares of Hayward by 11.2% during the fourth quarter. Xponance Inc. now owns 13,151 shares of the company's stock valued at $201,000 after acquiring an additional 1,325 shares during the last quarter.

Hayward Trading Down 1.8 %

Shares of Hayward stock traded down $0.22 on Friday, hitting $12.21. 4,820,207 shares of the company's stock traded hands, compared to its average volume of 1,685,947. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. The company has a fifty day moving average of $14.30 and a two-hundred day moving average of $15.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a one year low of $11.54 and a one year high of $16.87.

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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, topping the consensus estimate of $0.24 by $0.03. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company had revenue of $327.08 million during the quarter, compared to the consensus estimate of $302.76 million. As a group, sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday. KeyCorp reissued a "sector weight" rating on shares of Hayward in a research note on Monday, January 6th. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird increased their target price on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $17.13.

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.