Raymond James & Associates Reduces Position in Hayward Holdings, Inc. (NYSE:HAYW)

Raymond James & Associates decreased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 4.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 111,128 shares of the company’s stock after selling 4,579 shares during the period. Raymond James & Associates’ holdings in Hayward were worth $1,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HAYW. MSD Partners L.P. bought a new position in Hayward in the 4th quarter valued at $672,458,000. Victory Capital Management Inc. grew its holdings in shares of Hayward by 13,096.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,344,944 shares of the company’s stock worth $31,442,000 after purchasing an additional 3,319,596 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Hayward in the third quarter worth about $35,298,000. Morgan Stanley increased its stake in Hayward by 964.4% in the 4th quarter. Morgan Stanley now owns 2,431,550 shares of the company’s stock worth $22,857,000 after buying an additional 2,203,115 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Hayward by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,536,985 shares of the company’s stock valued at $190,871,000 after buying an additional 1,871,680 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on HAYW. TheStreet upgraded shares of Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. The Goldman Sachs Group increased their price objective on Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Stifel Nicolaus lifted their target price on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group cut Hayward from a “buy” rating to a “hold” rating and lowered their target price for the stock from $15.00 to $14.00 in a report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hayward has a consensus rating of “Hold” and an average price target of $14.70.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total value of $571,712.38. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $6,974,138.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by company insiders.

Hayward Price Performance

Shares of HAYW opened at $13.17 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.13 and a current ratio of 3.02. The company has a 50 day moving average price of $14.03 and a 200-day moving average price of $12.98. Hayward Holdings, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $16.04. The stock has a market capitalization of $2.82 billion, a PE ratio of 36.58 and a beta of 1.22.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. Hayward had a net margin of 8.13% and a return on equity of 9.55%. Hayward’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Equities analysts predict that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

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.