Gotham Asset Management LLC Raises Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Gotham Asset Management LLC increased its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 26.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 730,623 shares of the company’s stock after buying an additional 152,170 shares during the quarter. Gotham Asset Management LLC owned about 0.34% of Hayward worth $11,171,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HAYW. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 3,589,352 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock valued at $128,942,000 after purchasing an additional 6,696,170 shares during the last quarter. American Century Companies Inc. grew its position in Hayward by 31.2% during the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company’s stock worth $93,416,000 after purchasing an additional 1,453,282 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hayward by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company’s stock valued at $74,520,000 after buying an additional 392,695 shares during the last quarter. Finally, BBR Partners LLC purchased a new position in shares of Hayward during the 4th quarter valued at about $67,399,000.

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $14.06, for a total value of $703,000.00. Following the completion of the transaction, the chief executive officer now directly owns 623,540 shares of the company’s stock, valued at approximately $8,766,972.40. This represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.06% of the company’s stock.

Hayward Trading Up 1.0%

Shares of NYSE:HAYW opened at $14.19 on Monday. The business’s 50 day moving average price is $13.31 and its 200-day moving average price is $14.61. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. 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, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $228.84 million for the quarter, compared to analyst estimates of $216.37 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. On average, equities research analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on HAYW. Wolfe Research lowered Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Stifel Nicolaus raised shares of 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. Finally, Robert W. Baird lifted their target price on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.