River Global Investors LLP Sells 29,226 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

River Global Investors LLP lowered its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 23.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 93,031 shares of the company’s stock after selling 29,226 shares during the period. River Global Investors LLP’s holdings in Hayward were worth $1,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of Hayward by 5.8% in the 3rd quarter. FMR LLC now owns 26,660,475 shares of the company’s stock worth $375,913,000 after purchasing an additional 1,459,093 shares during the period. Vanguard Group Inc. lifted its stake in shares of Hayward by 16.0% in the 3rd quarter. Vanguard Group Inc. now owns 13,536,985 shares of the company’s stock worth $190,871,000 after purchasing an additional 1,871,680 shares during the period. Jennison Associates LLC lifted its stake in shares of Hayward by 1.0% in the 3rd quarter. Jennison Associates LLC now owns 4,564,164 shares of the company’s stock worth $64,355,000 after purchasing an additional 46,771 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Hayward by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,856,007 shares of the company’s stock worth $40,270,000 after purchasing an additional 34,371 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of Hayward in the 3rd quarter worth approximately $35,298,000.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total value of $571,712.38. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $6,974,138.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HAYW. TheStreet raised shares of Hayward from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Stifel Nicolaus lifted their target price on shares of Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Jefferies Financial Group downgraded shares of Hayward from a “buy” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $14.00 in a report on Thursday, January 11th. Finally, The Goldman Sachs Group raised their price target on Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $14.70.

Hayward Price Performance

Shares of HAYW stock traded up $0.41 during mid-day trading on Friday, hitting $14.13. The company had a trading volume of 1,468,842 shares, compared to its average volume of 1,271,021. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.37 and a quick ratio of 2.13. The stock’s 50 day moving average price is $14.16 and its 200-day moving average price is $13.02. Hayward Holdings, Inc. has a 52-week low of $9.80 and a 52-week high of $16.04. The company has a market capitalization of $3.03 billion, a P/E ratio of 39.25 and a beta of 1.25.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $278.50 million for the quarter, compared to analysts’ expectations of $271.47 million. Hayward had a net margin of 8.25% and a return on equity of 9.46%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. Equities research analysts forecast that Hayward Holdings, Inc. will post 0.57 earnings per share for the current year.

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.