Jennison Associates LLC Has $49.77 Million Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Jennison Associates LLC boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 5.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,575,410 shares of the company's stock after buying an additional 194,543 shares during the quarter. Jennison Associates LLC owned 1.65% of Hayward worth $49,770,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake 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 during the last quarter. KBC Group NV boosted its stake in Hayward by 51.1% during the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after purchasing an additional 3,241 shares during the last quarter. Wedmont Private Capital acquired a new stake in Hayward during the 1st quarter worth $142,000. iSAM Funds UK Ltd acquired a new stake in Hayward during the 4th quarter worth $165,000. Finally, Bridgefront Capital LLC acquired a new position in shares of Hayward during the 4th quarter valued at about $172,000.

Analyst Upgrades and Downgrades

Separately, Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $17.13.

Hayward Stock Up 0.8%

HAYW traded up $0.13 on Wednesday, reaching $14.95. The company's stock had a trading volume of 199,509 shares, compared to its average volume of 1,848,230. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.96 and a beta of 1.12. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The stock has a 50 day moving average of $14.13 and a two-hundred day moving average of $14.00. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.66.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $228.84 million during the quarter, compared to analysts' expectations of $216.37 million. Hayward had a return on equity of 10.94% and a net margin of 11.53%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $14.20, for a total value of $860,108.20. Following the sale, the chief executive officer directly owned 623,540 shares of the company's stock, valued at approximately $8,854,268. This trade represents a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.06% of the stock is currently owned by insiders.

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.