Vanguard Group Inc. Purchases 1,166,717 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Vanguard Group Inc. lifted its position in Hayward Holdings, Inc. (NYSE:HAYW) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,703,702 shares of the company’s stock after buying an additional 1,166,717 shares during the period. Vanguard Group Inc. owned about 6.86% of Hayward worth $199,970,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HAYW. Public Sector Pension Investment Board bought a new stake in shares of Hayward in the third quarter worth about $2,202,000. WCM Investment Management LLC increased its stake in Hayward by 11.2% during the 4th quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock worth $29,179,000 after purchasing an additional 214,991 shares in the last quarter. Jump Financial LLC raised its holdings in Hayward by 711.1% during the 4th quarter. Jump Financial LLC now owns 82,300 shares of the company’s stock worth $1,119,000 after buying an additional 72,153 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hayward by 24.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,419,859 shares of the company’s stock valued at $46,511,000 after buying an additional 662,795 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Hayward by 24.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock valued at $34,363,000 after buying an additional 491,971 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HAYW shares. The Goldman Sachs Group dropped their price objective on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday. Stifel Nicolaus boosted their price target on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a report on Tuesday, March 5th. Four research 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 currently has a consensus rating of “Hold” and a consensus price target of $14.30.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $13.96, for a total transaction of $598,283.72. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,298,274.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 128,571 shares of company stock worth $1,785,423. Corporate insiders own 3.25% of the company’s stock.

Hayward Price Performance

NYSE HAYW opened at $12.11 on Wednesday. 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 $13.79 and its 200-day moving average is $13.62. The company has a market capitalization of $2.60 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.21. The company has a quick ratio of 2.34, a current ratio of 3.37 and a debt-to-equity ratio of 0.82.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. Hayward had a net margin of 8.25% and a return on equity of 9.46%. The firm had revenue of $212.57 million for the quarter, compared to analyst estimates of $207.33 million. Equities research analysts anticipate 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.