Renaissance Technologies LLC bought a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 63,147 shares of the company's stock, valued at approximately $966,000.
Several other institutional investors have also made changes to their positions in the company. BBR Partners LLC acquired a new position in Hayward in the 4th quarter worth about $67,399,000. Vanguard Group Inc. boosted its holdings in Hayward by 22.8% in the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after purchasing an additional 3,589,352 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Hayward by 525.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company's stock worth $50,393,000 after buying an additional 2,769,273 shares in the last quarter. Invesco Ltd. increased its position in shares of Hayward by 393.8% during the fourth quarter. Invesco Ltd. now owns 2,778,095 shares of the company's stock valued at $42,477,000 after purchasing an additional 2,215,501 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Hayward by 31.2% in the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company's stock valued at $93,416,000 after buying an additional 1,453,282 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. KeyCorp reissued a "sector weight" rating on shares of Hayward in a report on Monday, January 6th. Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their price target on shares of Hayward from $17.00 to $18.00 and gave the company 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.13.
Check Out Our Latest Research Report on HAYW
Insider Activity at Hayward
In related news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the sale, the chief executive officer now owns 623,540 shares of the company's stock, valued at approximately $7,806,720.80. This trade represents a 7.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.06% of the stock is currently owned by insiders.
Hayward Stock Performance
Shares of NYSE HAYW traded up $0.02 during midday trading on Friday, reaching $14.04. The company's stock had a trading volume of 2,345,441 shares, compared to its average volume of 1,747,181. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The stock has a market capitalization of $3.04 billion, a P/E ratio of 33.43, a PEG ratio of 1.87 and a beta of 1.14. The firm has a 50 day moving average price of $13.37 and a 200-day moving average price of $14.67. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87.
Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. The business's quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.
Hayward Company Profile
(
Free Report)
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.
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