Hayward Holdings, Inc. (NYSE:HAYW) Stock Holdings Decreased by MSD Capital L P

MSD Capital L P decreased its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 83.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,561,215 shares of the company's stock after selling 22,746,517 shares during the period. Hayward comprises approximately 38.1% of MSD Capital L P's portfolio, making the stock its 2nd biggest holding. MSD Capital L P owned 2.12% of Hayward worth $69,741,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Kovitz Investment Group Partners LLC increased its holdings in shares of Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock worth $128,942,000 after purchasing an additional 6,696,170 shares during the period. Michael & Susan Dell Foundation increased its stake in Hayward by 247.6% in the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock valued at $137,373,000 after acquiring an additional 6,400,000 shares during the last quarter. BBR Partners LLC bought a new position in Hayward in the fourth quarter valued at $67,399,000. Fiduciary Management Inc. WI bought a new position in Hayward in the fourth quarter valued at $62,949,000. Finally, Vanguard Group Inc. increased its stake in Hayward by 22.8% in the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after acquiring an additional 3,589,352 shares during the last quarter.

Wall Street Analysts Forecast Growth

HAYW has been the topic of a number of research analyst reports. 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. Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Finally, Robert W. Baird raised their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $17.13.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the sale, the chief executive officer now owns 623,540 shares in the company, valued at approximately $7,806,720.80. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.06% of the stock is currently owned by corporate insiders.

Hayward Stock Up 1.2%

Shares of HAYW traded up $0.18 on Friday, hitting $14.52. 1,899,148 shares of the stock traded hands, compared to its average volume of 1,769,847. The company has a market capitalization of $3.14 billion, a PE ratio of 34.56, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The business has a 50 day simple moving average of $13.31 and a 200 day simple moving average of $14.60. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87.

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

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.