Hayward Holdings, Inc. (NYSE:HAYW) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,388,287 shares of the company's stock after purchasing an additional 59,017 shares during the period. Wellington Management Group LLP owned about 0.64% of Hayward worth $21,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in Hayward by 30.2% during the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after acquiring an additional 671 shares during the period. KBC Group NV lifted its holdings in shares of Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock valued at $97,000 after acquiring an additional 2,283 shares during the last quarter. Sterling Capital Management LLC grew its position in 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 in the last quarter. Pacer Advisors Inc. increased its stake in Hayward by 25.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock worth $156,000 after acquiring an additional 2,062 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in Hayward during the fourth quarter valued at approximately $165,000.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at $7,806,720.80. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.06% of the company's stock.

Hayward Trading Up 0.6%

Shares of HAYW traded up $0.08 during mid-day trading on Wednesday, reaching $14.18. 297,226 shares of the company's stock traded hands, compared to its average volume of 1,785,548. 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's 50-day moving average is $13.26 and its two-hundred day moving average is $14.41. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87. The stock has a market cap of $3.07 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.87 and a beta of 1.15.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HAYW shares. Robert W. Baird raised their price objective on Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a research 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.