Captrust Financial Advisors Increases Position in Hayward Holdings, Inc. (NYSE:HAYW)

Captrust Financial Advisors lifted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 123.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,540 shares of the company's stock after buying an additional 17,423 shares during the period. Captrust Financial Advisors' holdings in Hayward were worth $482,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. boosted its holdings in Hayward by 98.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 871,749 shares of the company's stock worth $13,329,000 after purchasing an additional 431,665 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Hayward during the fourth quarter worth about $540,000. Ameriprise Financial Inc. lifted its stake in Hayward by 107.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,982,822 shares of the company's stock worth $30,317,000 after purchasing an additional 1,028,303 shares during the period. Algert Global LLC bought a new position in Hayward during the fourth quarter worth about $1,353,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Hayward by 71.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,671 shares of the company's stock valued at $316,000 after acquiring an additional 8,607 shares during the last quarter.

Hayward Stock Down 0.9%

Shares of NYSE HAYW traded down $0.13 during trading on Friday, hitting $13.62. 946,726 shares of the company traded hands, compared to its average volume of 1,783,814. The business's fifty day moving average is $13.30 and its 200 day moving average is $14.51. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 1.87 and a beta of 1.15. 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 (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 net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $228.84 million during the quarter, compared to the consensus estimate of $216.37 million. During the same period in the prior year, the firm posted $0.08 EPS. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

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 shares were sold at an average price of $14.06, for a total transaction of $703,000.00. Following the sale, the chief executive officer now owns 623,540 shares of the company's stock, valued at approximately $8,766,972.40. The trade was a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.06% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Robert W. Baird increased their price objective 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. Finally, Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price on the stock in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average 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.