Price T Rowe Associates Inc. MD Increases Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,883 shares of the company’s stock after buying an additional 10,182 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Hayward were worth $1,344,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HAYW. Blue Trust Inc. raised its position in shares of Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in Hayward by 98.0% in the fourth 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 in the last quarter. KBC Group NV lifted its position in shares of Hayward by 56.2% during the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after buying an additional 2,283 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Hayward by 61.9% in the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company’s stock valued at $131,000 after buying an additional 3,268 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of 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 buying an additional 2,062 shares during the last quarter.

Hayward Stock Performance

Shares of HAYW stock opened at $14.19 on Friday. The business has a fifty day moving average of $13.31 and a 200 day moving average of $14.62. Hayward Holdings, Inc. has a 1 year low of $11.10 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. 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.

Hayward (NYSE:HAYW) last released its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $228.84 million during the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $14.06, for a total value of $703,000.00. Following the sale, the chief executive officer now owns 623,540 shares in the company, valued at $8,766,972.40. This represents a 7.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HAYW shares. Robert W. Baird increased their target price 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. Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a report on Wednesday, February 5th. Finally, Wolfe Research downgraded 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.