Confluence Investment Management LLC Has $2.75 Million Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Confluence Investment Management LLC trimmed its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,361 shares of the company's stock after selling 19,159 shares during the period. Confluence Investment Management LLC owned 0.09% of Hayward worth $2,747,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HAYW. Kovitz Investment Group Partners LLC lifted its holdings in shares of Hayward by 385.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock worth $128,942,000 after buying an additional 6,696,170 shares in the last quarter. Michael & Susan Dell Foundation raised its stake in Hayward by 247.6% in the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock worth $137,373,000 after purchasing an additional 6,400,000 shares in the last quarter. BBR Partners LLC acquired a new stake in Hayward in the 4th quarter worth about $67,399,000. Fiduciary Management Inc. WI acquired a new stake in Hayward in the 4th quarter worth about $62,949,000. Finally, Vanguard Group Inc. raised its stake in Hayward by 22.8% in the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock worth $295,174,000 after purchasing an additional 3,589,352 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective for the company in a report on Wednesday, February 5th. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Finally, Robert W. Baird boosted their price target on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.13.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $14.06, for a total value of $703,000.00. Following the completion of the transaction, the chief executive officer now directly owns 623,540 shares of the company's stock, valued at approximately $8,766,972.40. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.06% of the company's stock.

Hayward Trading Down 0.8%

Shares of Hayward stock traded down $0.11 on Friday, hitting $13.96. The stock had a trading volume of 1,880,748 shares, compared to its average volume of 1,791,607. 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 stock has a 50 day moving average of $13.27 and a 200 day moving average of $14.44. The firm has a market capitalization of $3.02 billion, a P/E ratio of 33.24, a PEG ratio of 1.87 and a beta of 1.15.

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 analysts' consensus estimates of $0.09 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company had revenue of $228.84 million during the quarter, compared to the consensus estimate of $216.37 million. During the same period last year, the company earned $0.08 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

About Hayward

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.