Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,044,191 shares of the company's stock after selling 519,973 shares during the quarter. Jennison Associates LLC owned about 1.89% of Hayward worth $55,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAYW. Pacer Advisors Inc. purchased a new position in shares of Hayward in the 4th quarter worth approximately $37,000. Numerai GP LLC purchased a new position in Hayward during the 3rd quarter valued at $146,000. Teacher Retirement System of Texas purchased a new position in Hayward during the 3rd quarter valued at $161,000. Everence Capital Management Inc. purchased a new position in Hayward during the 4th quarter valued at $173,000. Finally, CIBC Asset Management Inc purchased a new position in Hayward during the 3rd quarter valued at $195,000.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of the company's stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total transaction of $571,712.38. Following the transaction, the chief executive officer now directly owns 522,799 shares of the company's stock, valued at approximately $6,974,138.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

HAYW has been the subject of a number of recent analyst reports. TheStreet upgraded Hayward from a "d+" rating to a "c-" rating in a report on Monday, January 22nd. Jefferies Financial Group cut Hayward from a "buy" rating to a "hold" rating and dropped their price objective for the company from $15.00 to $14.00 in a report on Thursday, January 11th. The Goldman Sachs Group upped their target price on Hayward from $12.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, March 4th. Finally, Stifel Nicolaus upped their target price on Hayward from $13.50 to $14.50 and gave the stock a "hold" rating in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Hayward presently has a consensus rating of "Hold" and a consensus price target of $14.70.

Hayward Stock Down 0.8 %

Shares of HAYW stock traded down $0.11 during mid-day trading on Wednesday, hitting $13.59. The stock had a trading volume of 1,043,331 shares, compared to its average volume of 1,342,505. The firm has a market capitalization of $2.92 billion, a P/E ratio of 37.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.02 and a quick ratio of 2.13. Hayward Holdings, Inc. has a 12-month low of $9.80 and a 12-month high of $16.04. The firm's 50-day moving average is $14.05 and its two-hundred day moving average is $12.98.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $278.50 million during the quarter, compared to analyst estimates of $271.47 million. Hayward had a return on equity of 9.55% and a net margin of 8.13%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. On average, analysts predict that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Hayward 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.