Envestnet Asset Management Inc. Acquires 1,491 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Envestnet Asset Management Inc. boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,384 shares of the company’s stock after buying an additional 1,491 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hayward were worth $725,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Hayward by 22.8% in the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock valued at $295,174,000 after acquiring an additional 3,589,352 shares during the period. American Century Companies Inc. raised its position in shares of Hayward by 31.2% in the fourth quarter. American Century Companies Inc. now owns 6,109,632 shares of the company’s stock valued at $93,416,000 after purchasing an additional 1,453,282 shares during the period. BBR Partners LLC acquired a new stake in shares of Hayward during the 4th quarter worth about $67,399,000. Jennison Associates LLC boosted 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 buying an additional 201,116 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Hayward by 525.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company’s stock valued at $50,393,000 after buying an additional 2,769,273 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAYW. Robert W. Baird boosted their price objective on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. KeyCorp restated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. 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 report on Wednesday, February 5th. Finally, Wolfe Research cut shares of Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Hayward presently has a consensus rating of “Hold” and an average target price of $17.13.

Hayward Price Performance

Shares of NYSE HAYW opened at $14.04 on Friday. The stock has a market capitalization of $3.04 billion, a PE ratio of 33.43, a P/E/G ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a fifty-two week low of $11.10 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 business has a fifty day moving average price of $13.37 and a two-hundred day moving average price of $14.67.

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

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total value of $626,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares of the company’s stock, valued at $7,806,720.80. This trade represents a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.06% of the stock is currently owned by company insiders.

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.