Hayward Holdings, Inc. (NYSE:HAYW) Stock Holdings Lowered by Schroder Investment Management Group

Schroder Investment Management Group cut its position in Hayward Holdings, Inc. (NYSE:HAYW) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,013,732 shares of the company’s stock after selling 419,593 shares during the quarter. Schroder Investment Management Group’s holdings in Hayward were worth $46,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAYW. Geode Capital Management LLC raised its holdings in shares of Hayward by 8.0% during the third quarter. Geode Capital Management LLC now owns 2,232,773 shares of the company’s stock valued at $34,260,000 after buying an additional 165,369 shares during the last quarter. State Street Corp raised its stake in Hayward by 8.5% during the 3rd quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after acquiring an additional 341,424 shares in the last quarter. Principal Financial Group Inc. boosted its position in Hayward by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock worth $10,253,000 after acquiring an additional 44,978 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Hayward by 53.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company’s stock worth $878,000 after purchasing an additional 19,983 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Hayward by 24.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company’s stock valued at $19,417,000 after purchasing an additional 251,788 shares during the period.

Hayward Stock Performance

Shares of HAYW opened at $13.93 on Tuesday. 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 firm’s 50 day moving average is $14.47 and its 200-day moving average is $15.07. Hayward Holdings, Inc. has a 12-month low of $11.96 and a 12-month high of $16.87. The stock has a market capitalization of $3.01 billion, a P/E ratio of 33.15, a P/E/G ratio of 1.87 and a beta of 1.16.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The firm had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. Equities research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity

In other news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $14.52, for a total transaction of $726,000.00. Following the sale, the chief executive officer now owns 522,799 shares in the company, valued at $7,591,041.48. The trade was a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HAYW shares. Robert W. Baird increased their target price on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Finally, Stifel Nicolaus raised Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price on the stock in a report on Wednesday, February 5th.

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.