Sapience Investments LLC reduced its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,460 shares of the company's stock after selling 19,160 shares during the quarter. Sapience Investments LLC owned 0.05% of Hayward worth $1,781,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Hayward by 30.2% in the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after acquiring an additional 671 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of Hayward by 98.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company's stock worth $78,000 after acquiring an additional 2,524 shares during the period. KBC Group NV increased its position in shares of Hayward by 56.2% during the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock valued at $97,000 after purchasing an additional 2,283 shares during the last quarter. Sterling Capital Management LLC grew its position in Hayward by 61.9% during the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after buying an additional 3,268 shares during the period. Finally, Pacer Advisors Inc. grew its position in Hayward by 25.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock valued at $156,000 after buying an additional 2,062 shares during the period.
Analysts Set New Price Targets
Several brokerages recently issued reports on HAYW. Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price for the company in a research report on Wednesday, February 5th. Robert W. Baird upped their price target on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Finally, Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.13.
Get Our Latest Research Report on Hayward
Hayward Price Performance
HAYW stock traded down $0.11 during midday trading on Tuesday, hitting $14.32. The company's stock had a trading volume of 807,721 shares, compared to its average volume of 1,773,823. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $13.32 and a two-hundred day moving average of $14.56. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.
Hayward (NYSE:HAYW - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The firm had revenue of $228.84 million during the quarter, compared to analyst estimates of $216.37 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. Hayward's revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current 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 Monday, May 5th. The shares were sold at an average price of $14.06, for a total value of $703,000.00. Following the completion of the sale, the chief executive officer now owns 623,540 shares in the company, valued at approximately $8,766,972.40. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.06% of the stock is owned by company insiders.
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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