Hayward Holdings, Inc. (NYSE:HAYW) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 224.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 89,959 shares of the company's stock after purchasing an additional 62,196 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Hayward were worth $1,375,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Hayward by 30.2% during the fourth 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 lifted its position in shares of Hayward by 56.2% during the fourth quarter. KBC Group NV now owns 6,343 shares of the company's stock worth $97,000 after acquiring an additional 2,283 shares in the last quarter. Sterling Capital Management LLC raised its position 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 buying an additional 3,268 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Hayward in the fourth quarter worth $165,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of Hayward in the fourth quarter worth $172,000.

Hayward Price Performance

Shares of NYSE HAYW traded down $0.16 during mid-day trading on Wednesday, hitting $14.13. 1,208,853 shares of the company's stock traded hands, compared to its average volume of 1,804,994. The company's 50-day moving average is $13.36 and its two-hundred day moving average is $14.34. 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 company has a market capitalization of $3.06 billion, a P/E ratio of 33.63, a PEG ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share 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 the consensus estimate of $216.37 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $8,766,972.40. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HAYW shares. Robert W. Baird increased 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. Wolfe Research cut 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 given a buy rating to the company's stock. According to data from MarketBeat, Hayward presently has an average rating of "Hold" and a consensus target price of $17.13.

Hayward Company 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.