Choreo LLC Raises Position in Hayward Holdings, Inc. (NYSE:HAYW)

Choreo LLC boosted its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,741 shares of the company’s stock after purchasing an additional 1,107 shares during the quarter. Choreo LLC’s holdings in Hayward were worth $454,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its position in shares of Hayward by 6.3% in the fourth 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 in the last quarter. Pacer Advisors Inc. grew its position in shares of Hayward by 25.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock worth $156,000 after buying an additional 2,062 shares in the last quarter. KBC Group NV increased its position in shares of Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company’s stock worth $97,000 after purchasing an additional 2,283 shares during the last quarter. Blue Trust Inc. increased its holdings in 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 buying an additional 671 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new position in Hayward during the fourth quarter worth $291,000.

Hayward Stock Performance

Shares of NYSE HAYW opened at $14.10 on Thursday. 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 Holdings, Inc. has a 52 week low of $11.96 and a 52 week high of $16.87. The business’s 50-day simple moving average is $15.15 and its 200-day simple moving average is $15.05. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 1.90 and a beta of 1.16.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HAYW. Robert W. Baird raised their target price on shares of Hayward from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Stifel Nicolaus upgraded 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, The Goldman Sachs Group increased their price objective on Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s 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. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.25% of the stock is owned by insiders.

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.