Bailard Inc. Makes New Investment in Hayward Holdings, Inc. (NYSE:HAYW)

Bailard Inc. acquired a new stake in Hayward Holdings, Inc. (NYSE:HAYW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 13,100 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors also recently modified their holdings of the company. MSD Capital L P acquired a new stake in Hayward in the 3rd quarter valued at about $418,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hayward by 18.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock valued at $86,476,000 after buying an additional 878,705 shares during the period. Victory Capital Management Inc. lifted its position in shares of Hayward by 0.6% in the third quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock valued at $78,591,000 after buying an additional 32,514 shares during the last quarter. State Street Corp boosted its stake in shares of Hayward by 8.5% during the 3rd quarter. State Street Corp now owns 4,355,277 shares of the company’s stock worth $66,810,000 after acquiring an additional 341,424 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Hayward by 6.3% during the 4th 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 last quarter.

Hayward Stock Up 3.0 %

HAYW stock opened at $14.63 on Thursday. Hayward Holdings, Inc. has a fifty-two week low of $11.96 and a fifty-two week 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 stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.87 and a beta of 1.16. The business’s fifty day moving average price is $14.73 and its two-hundred day moving average price is $15.09.

Hayward (NYSE:HAYW) last issued 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. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $327.08 million during the quarter, compared to analysts’ expectations of $302.76 million. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of Hayward 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 of the company’s stock, valued at $7,591,041.48. The trade was a 8.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HAYW. Robert W. Baird raised their price target on Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price for the company in a report on Wednesday, February 5th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th.

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.