Focus Partners Wealth Invests $337,000 in Hayward Holdings, Inc. (NYSE:HAYW)

Focus Partners Wealth bought a new stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 22,042 shares of the company's stock, valued at approximately $337,000.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. grew its position in Hayward by 30.2% in the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after acquiring an additional 671 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Hayward by 98.0% in the fourth 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 last quarter. KBC Group NV increased its position in Hayward by 56.2% during the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock worth $97,000 after purchasing an additional 2,283 shares in the last quarter. Sterling Capital Management LLC increased its position in Hayward by 61.9% during the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock worth $131,000 after purchasing an additional 3,268 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Hayward by 25.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock worth $156,000 after purchasing an additional 2,062 shares in the last quarter.

Hayward Stock Down 0.9%

Shares of NYSE:HAYW traded down $0.13 during trading on Friday, reaching $13.62. 946,726 shares of the stock were exchanged, compared to its average volume of 1,783,814. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The stock has a fifty day moving average of $13.30 and a two-hundred day moving average of $14.51. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 business had revenue of $228.84 million during the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the previous year, the business earned $0.08 EPS. The company's quarterly revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. Following the transaction, the chief executive officer now owns 623,540 shares of the company's stock, valued at $7,806,720.80. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HAYW shares. Robert W. Baird upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Wolfe Research cut 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 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.13.

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.