Canada Pension Plan Investment Board Purchases Shares of 23,300 Hayward Holdings, Inc. (NYSE:HAYW)

Canada Pension Plan Investment Board bought a new stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,300 shares of the company's stock, valued at approximately $356,000.

Several other hedge funds have also bought and sold shares of HAYW. Blue Trust Inc. raised its stake 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 acquiring an additional 671 shares in the last quarter. Corient Private Wealth LLC raised its position in Hayward by 6.9% in 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 period. CIBC Asset Management Inc lifted its stake in Hayward by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 16,236 shares of the company's stock worth $248,000 after purchasing an additional 824 shares during the last quarter. Choreo LLC boosted its position in Hayward by 3.9% during the fourth quarter. Choreo LLC now owns 29,741 shares of the company's stock valued at $454,000 after buying an additional 1,107 shares during the period. Finally, Xponance Inc. grew 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 buying an additional 1,325 shares during the last quarter.

Hayward Trading Up 5.0 %

Shares of Hayward stock traded up $0.66 during midday trading on Thursday, reaching $13.99. 1,112,824 shares of the company's stock traded hands, compared to its average volume of 1,739,960. 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 12 month low of $11.10 and a 12 month high of $16.87. The company has a market cap of $3.02 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. The stock has a 50 day moving average of $13.38 and a 200-day moving average of $14.68.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their target price on Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, February 28th. KeyCorp reissued a "sector weight" rating on shares of Hayward in a research note on Monday, January 6th. Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus raised shares of 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. Four equities 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, the company has an average rating of "Hold" and a consensus price target of $17.13.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $7,591,041.48. The trade was a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.06% of the stock is owned by company insiders.

Hayward Company 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.