Ameriprise Financial Inc. Grows Position in Hayward Holdings, Inc. (NYSE:HAYW)

Ameriprise Financial Inc. boosted its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 107.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,982,822 shares of the company's stock after buying an additional 1,028,303 shares during the quarter. Ameriprise Financial Inc. owned 0.92% of Hayward worth $30,317,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after purchasing an additional 671 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of Hayward by 98.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company's stock valued at $78,000 after acquiring an additional 2,524 shares during the period. KBC Group NV grew its stake in shares of Hayward by 56.2% during the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock valued at $97,000 after acquiring an additional 2,283 shares during the period. Sterling Capital Management LLC grew its stake in shares of Hayward by 61.9% during the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after acquiring an additional 3,268 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Hayward by 25.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock valued at $156,000 after acquiring an additional 2,062 shares during the period.

Analyst Ratings Changes

HAYW has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Hayward currently has a consensus rating of "Hold" and a consensus price target of $17.13.

Hayward Price Performance

HAYW stock traded up $0.18 during midday trading on Friday, hitting $14.52. The company's stock had a trading volume of 1,899,148 shares, compared to its average volume of 1,769,847. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month 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 firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a 50 day moving average of $13.31 and a two-hundred day moving average of $14.60.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $228.84 million for the quarter, compared to analysts' expectations of $216.37 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. On average, analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Monday, May 5th. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $8,766,972.40. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.06% of the stock is owned by corporate insiders.

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.