Man Group plc Raises Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Man Group plc grew its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 527.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 869,670 shares of the company's stock after acquiring an additional 731,015 shares during the period. Man Group plc owned about 0.40% of Hayward worth $13,297,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HAYW. Nuveen Asset Management LLC boosted its holdings in Hayward by 166.2% during the 4th quarter. Nuveen Asset Management LLC now owns 986,947 shares of the company's stock worth $15,090,000 after acquiring an additional 616,168 shares during the last quarter. Michael & Susan Dell Foundation increased its holdings in Hayward by 247.6% in the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock worth $137,373,000 after acquiring an additional 6,400,000 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Hayward in the fourth quarter valued at approximately $6,963,000. Lazard Asset Management LLC lifted its position in shares of Hayward by 29.0% during the fourth quarter. Lazard Asset Management LLC now owns 315,328 shares of the company's stock worth $4,821,000 after acquiring an additional 70,911 shares in the last quarter. Finally, Lighthouse Investment Partners LLC raised its stake in shares of Hayward by 7.1% during the 4th quarter. Lighthouse Investment Partners LLC now owns 300,000 shares of the company's stock valued at $4,587,000 after purchasing an additional 20,000 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective on the stock in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.13.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.06% of the company's stock.

Hayward Price Performance

NYSE HAYW traded down $0.11 during trading hours on Tuesday, reaching $14.32. 807,721 shares of the stock traded hands, compared to its average volume of 1,773,823. 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 stock has a 50 day simple moving average of $13.33 and a two-hundred day simple moving average of $14.56. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $228.84 million for 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 for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. On average, analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal 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.