Lighthouse Investment Partners LLC Increases Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Lighthouse Investment Partners LLC grew its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 300,000 shares of the company's stock after purchasing an additional 20,000 shares during the period. Lighthouse Investment Partners LLC owned approximately 0.14% of Hayward worth $4,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kovitz Investment Group Partners LLC lifted its stake in Hayward by 385.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock valued at $128,942,000 after buying an additional 6,696,170 shares in the last quarter. BBR Partners LLC bought a new stake in shares of Hayward in the fourth quarter valued at approximately $67,399,000. Fiduciary Management Inc. WI acquired a new position in Hayward during the 4th quarter valued at $62,949,000. Vanguard Group Inc. grew its holdings in shares of Hayward by 22.8% during the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock worth $295,174,000 after purchasing an additional 3,589,352 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Hayward by 525.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company's stock valued at $50,393,000 after buying an additional 2,769,273 shares during the period.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Stifel Nicolaus raised shares of 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. Finally, Wolfe Research downgraded shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.13.

Hayward Stock Up 1.2%

Shares of NYSE:HAYW traded up $0.18 during midday trading on Friday, hitting $14.52. The stock had a trading volume of 1,899,148 shares, compared to its average volume of 1,765,339. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87. The company has a market cap of $3.14 billion, a P/E ratio of 34.56, a PEG ratio of 1.87 and a beta of 1.15. The business's 50-day simple moving average is $13.30 and its 200-day simple moving average is $14.61. 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 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $216.37 million. During the same period last year, the firm earned $0.08 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 623,540 shares in the company, valued at $7,806,720.80. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.06% of the company's stock.

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.