Hayward Holdings, Inc. (NYSE:HAYW) Position Lessened by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,824,800 shares of the company's stock after selling 251,449 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.85% of Hayward worth $27,902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after buying an additional 671 shares during the last quarter. Corient Private Wealth LLC lifted its position in Hayward by 6.9% in the fourth quarter. Corient Private Wealth LLC now owns 12,228 shares of the company's stock worth $187,000 after buying an additional 787 shares during the last quarter. CIBC Asset Management Inc grew its position in Hayward by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 16,236 shares of the company's stock valued at $248,000 after acquiring an additional 824 shares during the last quarter. Choreo LLC raised its position in Hayward by 3.9% during the 4th quarter. Choreo LLC now owns 29,741 shares of the company's stock valued at $454,000 after purchasing an additional 1,107 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Hayward by 11.2% in the 4th quarter. Xponance Inc. now owns 13,151 shares of the company's stock worth $201,000 after purchasing an additional 1,325 shares during the period.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $7,591,041.48. This represents a 8.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.06% of the company's stock.

Hayward Price Performance

HAYW traded up $0.14 on Friday, hitting $14.16. 707,992 shares of the company were exchanged, compared to its average volume of 1,740,744. The business's fifty day moving average is $13.37 and its 200 day moving average is $14.68. The firm has a market capitalization of $3.06 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. 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 debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating 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 business had revenue of $228.84 million during the quarter, compared to analyst estimates of $216.37 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HAYW shares. KeyCorp reissued a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Robert W. Baird boosted their target price on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Wolfe Research lowered Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus raised shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Hayward currently has a consensus 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.