Heartland Advisors Inc. Sells 32,654 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Heartland Advisors Inc. reduced its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 627,754 shares of the company’s stock after selling 32,654 shares during the period. Heartland Advisors Inc.’s holdings in Hayward were worth $9,598,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. MSD Capital L P bought a new stake in Hayward in the third quarter valued at approximately $418,901,000. Vanguard Group Inc. grew its position in shares of Hayward by 22.8% in the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock valued at $295,174,000 after purchasing an additional 3,589,352 shares during the period. American Century Companies Inc. boosted its holdings in shares of Hayward by 31.2% in the fourth quarter. American Century Companies Inc. now owns 6,109,632 shares of the company’s stock valued at $93,416,000 after buying an additional 1,453,282 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hayward by 18.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock worth $86,476,000 after acquiring an additional 878,705 shares in the last quarter. Finally, BBR Partners LLC acquired a new stake in shares of Hayward during the fourth quarter worth $67,399,000.

Hayward Stock Performance

NYSE:HAYW opened at $13.99 on Friday. The company has a market capitalization of $3.02 billion, a P/E ratio of 33.32, a P/E/G ratio of 1.87 and a beta of 1.16. Hayward Holdings, Inc. has a 1 year low of $11.96 and a 1 year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The business has a fifty day simple moving average of $14.52 and a two-hundred day simple moving average of $15.06.

Hayward (NYSE:HAYW) last announced its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $327.08 million during the quarter, compared to analyst estimates of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. On average, analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity at Hayward

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

Hayward Company 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.