Vanguard Group Inc. Increases Position in Hayward Holdings, Inc. (NYSE:HAYW)

Vanguard Group Inc. raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,305,043 shares of the company’s stock after purchasing an additional 3,589,352 shares during the period. Vanguard Group Inc. owned approximately 8.96% of Hayward worth $295,174,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Hayward by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,232,773 shares of the company’s stock valued at $34,260,000 after purchasing an additional 165,369 shares in the last quarter. State Street Corp boosted its position in Hayward by 8.5% during the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after buying an additional 341,424 shares during the period. Principal Financial Group Inc. grew its stake in shares of Hayward by 7.2% during the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock valued at $10,253,000 after buying an additional 44,978 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Hayward by 53.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company’s stock worth $878,000 after buying an additional 19,983 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Hayward by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company’s stock valued at $19,417,000 after acquiring an additional 251,788 shares during the last quarter.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were 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 $7,806,720.80. This trade represents a 7.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.25% of the stock is owned by company insiders.

Hayward Price Performance

Shares of HAYW opened at $12.21 on Friday. Hayward Holdings, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $16.87. The firm’s 50-day simple moving average is $14.30 and its two-hundred day simple moving average is $15.04. The stock has a market cap of $2.64 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. 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) last released 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. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business had revenue of $327.08 million for the quarter, compared to the consensus estimate of $302.76 million. Analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. KeyCorp restated a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Wolfe Research lowered shares of Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday. Finally, Stifel Nicolaus raised Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Hayward has a consensus rating of “Hold” and a consensus price target of $17.13.

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.