Ameriprise Financial Inc. Raises Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Ameriprise Financial Inc. increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 107.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,982,822 shares of the company’s stock after buying an additional 1,028,303 shares during the quarter. Ameriprise Financial Inc.’s holdings in Hayward were worth $30,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of HAYW. Vanguard Group Inc. increased its position in Hayward by 22.8% in the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock worth $295,174,000 after buying an additional 3,589,352 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in Hayward by 385.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock valued at $128,942,000 after buying an additional 6,696,170 shares in the last quarter. American Century Companies Inc. raised its holdings in Hayward by 31.2% during the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company’s stock valued at $93,416,000 after acquiring an additional 1,453,282 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Hayward by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company’s stock worth $74,520,000 after acquiring an additional 392,695 shares in the last quarter. Finally, BBR Partners LLC purchased a new stake in shares of Hayward during the fourth quarter worth $67,399,000.

Hayward Stock Performance

Hayward stock opened at $14.74 on Wednesday. The stock has a market cap of $3.19 billion, a P/E ratio of 35.10, a PEG ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The firm’s fifty day moving average price is $13.32 and its 200-day moving average price is $14.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62.

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

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $14.06, for a total value of $703,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares of the company’s stock, valued at $8,766,972.40. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HAYW shares. Wolfe Research lowered Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Robert W. Baird lifted their target price on Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Finally, Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Hayward presently has a consensus rating of “Hold” and an average price target of $17.13.

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.