Hayward Holdings, Inc. (NYSE:HAYW) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,429,715 shares of the company’s stock after purchasing an additional 163,921 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.66% of Hayward worth $21,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HAYW. Bailard Inc. acquired a new stake in Hayward in the 4th quarter valued at approximately $200,000. Oppenheimer Asset Management Inc. increased its position in shares of Hayward by 53.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company’s stock valued at $878,000 after purchasing an additional 19,983 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of Hayward by 7.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 74,857 shares of the company’s stock valued at $1,145,000 after purchasing an additional 5,346 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Hayward during the 4th quarter valued at $7,172,000. Finally, Ieq Capital LLC increased its position in shares of Hayward by 1,366.9% during the 4th quarter. Ieq Capital LLC now owns 295,991 shares of the company’s stock valued at $4,526,000 after purchasing an additional 275,813 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Robert W. Baird lifted their price target on Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus raised Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research note on Wednesday, February 5th.

Hayward Stock Performance

HAYW opened at $14.22 on Wednesday. The firm has a market cap of $3.07 billion, a PE ratio of 33.85, a P/E/G ratio of 1.87 and a beta of 1.16. 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 business has a fifty day simple moving average of $14.57 and a 200-day simple moving average of $15.07. Hayward Holdings, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $16.87.

Hayward (NYSE:HAYW) last issued its earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $327.08 million during the quarter, compared to analysts’ expectations of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. As a group, equities analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.25% of the stock is currently owned by insiders.

About Hayward

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.