Madison Asset Management LLC Buys 31,384 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Madison Asset Management LLC increased its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,579 shares of the company's stock after acquiring an additional 31,384 shares during the quarter. Madison Asset Management LLC owned about 0.15% of Hayward worth $4,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Sterling Capital Management LLC grew its stake in shares of Hayward by 61.9% in the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock worth $131,000 after acquiring an additional 3,268 shares during the period. KBC Group NV grew its stake in shares of Hayward by 51.1% in the first quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after acquiring an additional 3,241 shares during the period. Wedmont Private Capital bought a new stake in shares of Hayward in the first quarter worth approximately $142,000. iSAM Funds UK Ltd bought a new stake in shares of Hayward in the fourth quarter worth approximately $165,000. Finally, Bridgefront Capital LLC bought a new stake in shares of Hayward in the fourth quarter worth approximately $172,000.

Analyst Upgrades and Downgrades

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

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $14.20, for a total transaction of $860,108.20. Following the completion of the sale, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $8,854,268. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.06% of the company's stock.

Hayward Stock Performance

NYSE HAYW traded up $0.05 during trading hours on Friday, hitting $15.10. 1,365,027 shares of the company's stock traded hands, compared to its average volume of 1,848,728. The business's fifty day moving average price is $14.16 and its two-hundred day moving average price is $14.01. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.27 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.95 and a beta of 1.12. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $228.84 million during the quarter, compared to analyst estimates of $216.37 million. Hayward had a net margin of 11.53% and a return on equity of 10.94%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. Equities research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS 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.