MSD Partners L.P. Has $20.59 Million Stake in Hayward Holdings, Inc. (NYSE:HAYW)

MSD Partners L.P. raised its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,346,472 shares of the company's stock after purchasing an additional 41,078 shares during the period. Hayward accounts for about 14.5% of MSD Partners L.P.'s holdings, making the stock its 2nd biggest position. MSD Partners L.P. owned 0.63% of Hayward worth $20,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new stake in shares of Hayward in the third quarter valued at approximately $216,000. Principal Financial Group Inc. lifted its holdings in Hayward by 7.2% in the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company's stock valued at $10,253,000 after acquiring an additional 44,978 shares during the period. Pallas Capital Advisors LLC increased its position in shares of Hayward by 146.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 32,935 shares of the company's stock valued at $504,000 after buying an additional 19,590 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Hayward in the fourth quarter valued at $162,000. Finally, Sendero Wealth Management LLC purchased a new position in shares of Hayward in the fourth quarter valued at $319,000.

Insider Activity

In other 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 value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.06% of the company's stock.

Hayward Stock Up 1.2%

Shares of HAYW traded up $0.18 during trading on Friday, reaching $14.52. The company's stock had a trading volume of 1,899,148 shares, compared to its average volume of 1,769,847. The company has a fifty day moving average of $13.31 and a two-hundred day moving average of $14.60. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 1.87 and a beta of 1.15. 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 (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 for the quarter, compared to analyst estimates of $216.37 million. During the same period in the prior year, the company posted $0.08 EPS. Hayward's quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HAYW. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Robert W. Baird boosted their target price on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Finally, Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.