Algert Global LLC purchased a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 88,510 shares of the company's stock, valued at approximately $1,353,000.
Several other institutional investors also recently modified their holdings of HAYW. Kovitz Investment Group Partners LLC increased its stake in Hayward by 385.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock valued at $128,942,000 after purchasing an additional 6,696,170 shares in the last quarter. BBR Partners LLC bought a new stake in Hayward during the 4th quarter valued at about $67,399,000. Fiduciary Management Inc. WI bought a new stake in Hayward during the 4th quarter valued at about $62,949,000. Vanguard Group Inc. increased its stake in Hayward by 22.8% during the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after purchasing an additional 3,589,352 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Hayward by 525.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company's stock valued at $50,393,000 after purchasing an additional 2,769,273 shares in the last quarter.
Hayward Stock Performance
Shares of HAYW traded up $0.58 on Monday, reaching $14.76. The company's stock had a trading volume of 2,383,663 shares, compared to its average volume of 1,761,308. 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 stock has a market capitalization of $3.19 billion, a P/E ratio of 35.14, a PEG ratio of 1.87 and a beta of 1.15. The stock's 50 day simple moving average is $13.32 and its two-hundred day simple moving average is $14.61. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87.
Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $228.84 million for the quarter, compared to the consensus estimate of $216.37 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. Research analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Hayward news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $14.06, for a total transaction of $703,000.00. Following the transaction, the chief executive officer now owns 623,540 shares of the company's stock, valued at $8,766,972.40. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.06% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on HAYW shares. Robert W. Baird raised 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. Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.13.
Check Out Our Latest Report on HAYW
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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