Nuveen Asset Management LLC Increases Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Nuveen Asset Management LLC lifted its position in Hayward Holdings, Inc. (NYSE:HAYW) by 166.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 986,947 shares of the company’s stock after purchasing an additional 616,168 shares during the period. Nuveen Asset Management LLC owned 0.46% of Hayward worth $15,090,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HAYW. Merit Financial Group LLC purchased a new stake in shares of Hayward in the fourth quarter valued at approximately $287,000. SG Americas Securities LLC boosted its holdings in shares of Hayward by 151.9% in the fourth quarter. SG Americas Securities LLC now owns 69,965 shares of the company’s stock valued at $1,070,000 after purchasing an additional 42,195 shares during the period. Toth Financial Advisory Corp purchased a new stake in shares of Hayward in the fourth quarter valued at approximately $291,000. Blue Trust Inc. boosted its holdings in shares of Hayward by 30.2% in the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Hayward by 56.2% in the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after purchasing an additional 2,283 shares during the period.

Hayward Stock Down 0.9%

Hayward stock opened at $13.62 on Monday. The business has a fifty day moving average of $13.30 and a two-hundred day moving average of $14.49. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.94 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $216.37 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00. Following the completion of the sale, the chief executive officer now owns 623,540 shares in the company, valued at approximately $8,766,972.40. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HAYW. Wolfe Research lowered Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Stifel Nicolaus upgraded 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, Robert W. Baird upped their target price on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average 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.