Fiduciary Management Inc. WI Invests $62.95 Million in Hayward Holdings, Inc. (NYSE:HAYW)

Fiduciary Management Inc. WI acquired a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,116,988 shares of the company’s stock, valued at approximately $62,949,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the period. Harbor Investment Advisory LLC grew its holdings in Hayward by 98.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $78,000 after buying an additional 2,524 shares in the last quarter. KBC Group NV increased its holdings in Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after acquiring an additional 2,283 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Hayward by 61.9% in the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company’s stock worth $131,000 after purchasing an additional 3,268 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock worth $156,000 after acquiring an additional 2,062 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HAYW shares. Robert W. Baird boosted their target price on shares of Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target for the company in a research note on Wednesday, February 5th. Finally, Wolfe Research lowered shares of Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Hayward has an average rating of “Hold” and an average target price of $17.13.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.25% of the stock is currently owned by company insiders.

Hayward Stock Up 1.0 %

Shares of Hayward stock opened at $12.01 on Friday. The company has a market cap of $2.60 billion, a P/E ratio of 28.59, a PEG ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. 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 firm’s 50 day moving average price is $13.65 and its 200-day moving average price is $14.79.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping 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 business had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. On average, sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

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.