Polar Asset Management Partners Inc. Increases Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Polar Asset Management Partners Inc. increased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 81.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 576,500 shares of the company's stock after acquiring an additional 258,700 shares during the quarter. Polar Asset Management Partners Inc. owned about 0.27% of Hayward worth $8,815,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HAYW. Kovitz Investment Group Partners LLC grew its position in Hayward by 385.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock valued at $128,942,000 after acquiring an additional 6,696,170 shares during the last quarter. Michael & Susan Dell Foundation raised its stake in shares of Hayward by 247.6% during the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock worth $137,373,000 after acquiring an additional 6,400,000 shares in the last quarter. BBR Partners LLC purchased a new position in Hayward during the 4th quarter worth $67,399,000. Fiduciary Management Inc. WI purchased a new position in shares of Hayward in the 4th quarter valued at approximately $62,949,000. Finally, Vanguard Group Inc. grew its holdings in shares of Hayward by 22.8% during the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after buying an additional 3,589,352 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $8,766,972.40. This represents a 7.42% decrease in their ownership of the stock. The transaction 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 company insiders.

Hayward Stock Down 0.5%

NYSE:HAYW traded down $0.07 during midday trading on Monday, hitting $14.42. 1,264,226 shares of the company were exchanged, compared to its average volume of 1,773,147. The company has a market capitalization of $3.12 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The company has a fifty day simple moving average of $13.31 and a 200 day simple moving average of $14.57.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Robert W. Baird boosted their price target on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Finally, Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $17.13.

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.