Massachusetts Financial Services Co. MA Has $39.94 Million Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Massachusetts Financial Services Co. MA cut its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 6.2% in the 4th quarter, according to its most recent Form 13F 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 owned 1.21% of Hayward worth $39,935,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Hayward by 22.8% during the fourth 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 period. American Century Companies Inc. increased 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 buying an additional 1,453,282 shares during the period. BBR Partners LLC bought a new stake in shares of Hayward in the fourth quarter valued at about $67,399,000. State Street Corp boosted its position in shares of Hayward by 8.5% in the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after acquiring an additional 341,424 shares during the period. Finally, Jennison Associates LLC increased its position in Hayward by 6.3% during the fourth 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.

Hayward Stock Down 1.8 %

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 company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a one year low of $11.54 and a one year high of $16.87. The company has a market cap of $2.64 billion, a P/E ratio of 29.07, a P/E/G ratio of 1.87 and a beta of 1.14.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $327.08 million during the quarter, compared to the consensus estimate of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. Research analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $7,591,041.48. This represents a 8.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.25% of the company’s stock.

Hayward 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.