Bryce Point Capital LLC Takes Position in Hayward Holdings, Inc. (NYSE:HAYW)

Bryce Point Capital LLC purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the fourth quarter, Holdings Channel reports. The firm purchased 31,359 shares of the company’s stock, valued at approximately $479,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Hayward by 22.8% during the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock worth $295,174,000 after purchasing an additional 3,589,352 shares during the last quarter. American Century Companies Inc. boosted its stake in Hayward by 31.2% during the fourth quarter. American Century Companies Inc. now owns 6,109,632 shares of the company’s stock worth $93,416,000 after buying an additional 1,453,282 shares during the last quarter. BBR Partners LLC purchased a new stake in Hayward in the 4th quarter valued at $67,399,000. State Street Corp increased its stake in shares of Hayward by 8.5% in the 3rd quarter. State Street Corp now owns 4,355,277 shares of the company’s stock worth $66,810,000 after acquiring an additional 341,424 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Hayward by 6.3% during the 4th quarter. Jennison Associates LLC now owns 3,380,867 shares of the company’s stock worth $51,693,000 after acquiring an additional 201,116 shares during the period.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the completion of the transaction, the chief executive officer now owns 623,540 shares in the company, valued at $7,806,720.80. The trade was a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HAYW. Robert W. Baird upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Wolfe Research cut shares of Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a research report on Wednesday, February 5th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.13.

Hayward Price Performance

Shares of HAYW opened at $12.21 on Friday. The firm has a 50-day simple moving average of $14.30 and a two-hundred day simple moving average of $15.04. The stock has a market cap of $2.64 billion, a PE ratio of 29.07, a P/E/G ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 1-year low of $11.54 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.

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 analysts’ consensus estimates of $0.24 by $0.03. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. As a group, analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

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.