Wellington Management Group LLP increased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388,287 shares of the company's stock after buying an additional 59,017 shares during the quarter. Wellington Management Group LLP owned about 0.64% of Hayward worth $21,227,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. 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. Harbor Investment Advisory LLC raised its position in Hayward by 98.0% during the fourth 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 lifted its stake in Hayward by 56.2% during 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 during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock valued at $156,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Hayward in the 4th quarter valued at $162,000.
Hayward Trading Up 0.7 %
Shares of Hayward stock traded up $0.08 on Friday, hitting $12.02. The stock had a trading volume of 2,184,423 shares, compared to its average volume of 1,713,908. The stock has a 50 day moving average of $13.88 and a 200 day moving average of $14.90. 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 twelve month low of $11.10 and a twelve month high of $16.87. The firm has a market capitalization of $2.60 billion, a P/E ratio of 28.62, a PEG ratio of 1.87 and a beta of 1.14.
Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $327.08 million during the quarter, compared to analysts' expectations of $302.76 million. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently weighed in on HAYW shares. 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. Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Robert W. Baird increased their price objective 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 restated a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Hayward has an average rating of "Hold" and a consensus target price of $17.13.
Get Our Latest Report on HAYW
Insider Buying and Selling
In other news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction that occurred 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 transaction, 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 corporate 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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