Vanguard Group Inc. grew its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,305,043 shares of the company's stock after purchasing an additional 3,589,352 shares during the period. Vanguard Group Inc. owned about 8.96% of Hayward worth $295,174,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HAYW. Blue Trust Inc. increased its holdings in Hayward by 30.2% in the fourth 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. Corient Private Wealth LLC increased its stake in shares of 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 purchasing an additional 787 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Hayward by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 16,236 shares of the company's stock valued at $248,000 after purchasing an additional 824 shares in the last quarter. Choreo LLC lifted 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 during the last quarter. Finally, Xponance Inc. boosted its holdings in Hayward by 11.2% in the fourth quarter. Xponance Inc. now owns 13,151 shares of the company's stock worth $201,000 after purchasing an additional 1,325 shares in the last quarter.
Wall Street Analyst Weigh In
HAYW has been the subject of a number of analyst reports. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a research report 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 report on Friday, February 28th. Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Hayward in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hayward has a consensus rating of "Hold" and a consensus target price of $17.13.
Get Our Latest Analysis on HAYW
Hayward Stock Performance
Shares of HAYW stock traded up $1.07 during trading hours on Wednesday, reaching $12.39. 3,030,119 shares of the company's stock were exchanged, compared to its average volume of 1,705,928. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $2.68 billion, a P/E ratio of 29.50, a P/E/G ratio of 1.87 and a beta of 1.14. The business has a fifty day moving average price of $13.97 and a 200-day moving average price of $14.94.
Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $327.08 million during the quarter, compared to analysts' expectations of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. Analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.
Insider Transactions at Hayward
In other news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the sale, the chief executive officer now owns 623,540 shares in the company, valued at approximately $7,806,720.80. The trade was a 7.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.25% of the stock is owned by insiders.
About Hayward
(
Free Report)
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.
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