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

Vanguard Group Inc. boosted its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 8.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 14,703,702 shares of the company’s stock after purchasing an additional 1,166,717 shares during the quarter. Vanguard Group Inc. owned 0.07% of Hayward worth $199,970,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Schroder Investment Management Group lifted its holdings in shares of Hayward by 17.5% in the fourth quarter. Schroder Investment Management Group now owns 3,670,574 shares of the company’s stock valued at $49,920,000 after purchasing an additional 546,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hayward by 24.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,419,859 shares of the company’s stock valued at $46,511,000 after acquiring an additional 662,795 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Hayward by 7.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,082,408 shares of the company’s stock worth $41,921,000 after acquiring an additional 226,401 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Hayward by 24.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock worth $34,363,000 after acquiring an additional 491,971 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of Hayward by 11.2% during the fourth quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock valued at $29,179,000 after purchasing an additional 214,991 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HAYW. The Goldman Sachs Group reduced their price objective on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday. Stifel Nicolaus upped their target price on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.30.

Hayward Stock Performance

NYSE HAYW opened at $12.11 on Wednesday. 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 debt-to-equity ratio of 0.82, a quick ratio of 2.34 and a current ratio of 3.37. Hayward Holdings, Inc. has a 52-week low of $9.80 and a 52-week high of $16.04. The company has a 50-day simple moving average of $13.79 and a 200 day simple moving average of $13.62.

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, hitting the consensus estimate of $0.07. The company had revenue of $212.57 million during the quarter, compared to analyst estimates of $207.33 million. Hayward had a net margin of 8.25% and a return on equity of 9.46%. On average, research analysts predict that Hayward Holdings, Inc. will post 0.57 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 128,571 shares of company stock valued at $1,785,423 over the last ninety days. 3.25% of the stock is currently owned by 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.