Nuveen Asset Management LLC Boosts Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Nuveen Asset Management LLC raised its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 166.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 986,947 shares of the company's stock after acquiring an additional 616,168 shares during the period. Nuveen Asset Management LLC owned approximately 0.46% of Hayward worth $15,090,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after acquiring an additional 671 shares in the last quarter. KBC Group NV raised its position in shares of Hayward by 56.2% in the fourth quarter. KBC Group NV now owns 6,343 shares of the company's stock valued at $97,000 after buying an additional 2,283 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Hayward by 61.9% in the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after purchasing an additional 3,268 shares during the period. Pacer Advisors Inc. raised its stake in shares of Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock valued at $156,000 after acquiring an additional 2,062 shares during the period. Finally, Bridgefront Capital LLC purchased a new stake in shares of Hayward during the fourth quarter worth about $172,000.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $14.06, for a total value of $703,000.00. Following the completion of the sale, the chief executive officer now owns 623,540 shares in the company, valued at $8,766,972.40. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.06% of the stock is owned by insiders.

Hayward Stock Down 1.3%

Shares of NYSE:HAYW traded down $0.19 during midday trading on Friday, reaching $13.89. The company had a trading volume of 163,638 shares, compared to its average volume of 1,777,423. The stock has a market cap of $3.00 billion, a PE ratio of 33.04, a P/E/G ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The business's 50 day moving average price is $13.28 and its 200 day moving average price is $14.46. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $228.84 million for the quarter, compared to analyst estimates of $216.37 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. Research analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Hayward 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.