Massachusetts Financial Services Co. MA Sells 173,882 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Massachusetts Financial Services Co. MA reduced its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,611,806 shares of the company’s stock after selling 173,882 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Hayward were worth $39,935,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Hayward by 30.2% in the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the period. Harbor Investment Advisory LLC lifted its position in shares of Hayward by 98.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after purchasing an additional 2,524 shares during the period. KBC Group NV boosted its stake in shares of 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 purchasing an additional 2,283 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Hayward by 25.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock worth $156,000 after buying an additional 2,062 shares during the period. Finally, Oak Thistle LLC bought a new position in Hayward during the fourth quarter worth $162,000.

Analyst Ratings Changes

A number of analysts have commented on HAYW shares. Robert W. Baird upped their price target on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Wolfe Research lowered Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Finally, Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a report on Wednesday, February 5th. Four investment 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 company has an average rating of “Hold” and an average price target of $17.13.

Hayward Stock Performance

Shares of HAYW opened at $12.21 on Friday. The stock has a 50-day moving average of $14.30 and a 200-day moving average of $15.04. Hayward Holdings, Inc. has a one year low of $11.54 and a one 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 company 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 (NYSE:HAYW) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $327.08 million during the quarter, compared to the consensus estimate of $302.76 million. On average, equities research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 623,540 shares of the company’s stock, 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 this link. Corporate insiders own 3.25% of the company’s stock.

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.