Hayward Holdings, Inc. (NYSE:HAYW) Shares Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC increased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 95.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,769 shares of the company's stock after acquiring an additional 19,899 shares during the quarter. Sendero Wealth Management LLC's holdings in Hayward were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in Hayward by 30.2% during the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after purchasing an additional 671 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Hayward by 6.9% in the fourth quarter. Corient Private Wealth LLC now owns 12,228 shares of the company's stock valued at $187,000 after acquiring an additional 787 shares during the period. CIBC Asset Management Inc raised its stake in shares of Hayward by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 16,236 shares of the company's stock valued at $248,000 after acquiring an additional 824 shares during the period. Choreo LLC raised its stake in shares of Hayward by 3.9% in the fourth quarter. Choreo LLC now owns 29,741 shares of the company's stock valued at $454,000 after acquiring an additional 1,107 shares during the period. Finally, Xponance Inc. increased its stake in Hayward by 11.2% in the 4th quarter. Xponance Inc. now owns 13,151 shares of the company's stock worth $201,000 after buying an additional 1,325 shares during the period.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the firm's 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 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 filing with the SEC, which can be accessed through this link. 5.06% of the stock is owned by company insiders.

Hayward Stock Down 1.0%

Shares of NYSE:HAYW traded down $0.14 during trading on Friday, reaching $14.04. The stock had a trading volume of 1,789,620 shares, compared to its average volume of 1,803,433. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The company has a market capitalization of $3.04 billion, a P/E ratio of 33.42, a PEG ratio of 1.87 and a beta of 1.14. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm's 50-day simple moving average is $13.28 and its 200 day simple moving average is $14.36.

Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $228.84 million during the quarter, compared to analysts' expectations of $216.37 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. Hayward's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HAYW shares. Robert W. Baird raised their price target on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $17.13.

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.