UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,514,695 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 62.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,122,610 shares of the company's stock after selling 3,514,695 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.99% of Hayward worth $32,455,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings 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 period. Corient Private Wealth LLC increased its stake in 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 purchasing an additional 787 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Hayward by 5.3% during the 4th 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 last quarter. Choreo LLC increased its position in Hayward by 3.9% during the fourth quarter. Choreo LLC now owns 29,741 shares of the company's stock worth $454,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of Hayward by 11.2% during 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 last quarter.

Insider Activity

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

Wall Street Analysts Forecast Growth

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

Hayward Price Performance

Shares of Hayward stock traded down $0.11 during midday trading on Friday, hitting $13.96. 1,880,748 shares of the company were exchanged, compared to its average volume of 1,791,607. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $16.87. The firm has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $14.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The firm has a market cap 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 announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating 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 return on equity of 9.93% and a net margin of 9.47%. Hayward's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS. Research analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current 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.