BBR Partners LLC Purchases New Stake in Hayward Holdings, Inc. (NYSE:HAYW)

BBR Partners LLC purchased a new stake in Hayward Holdings, Inc. (NYSE:HAYW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,408,039 shares of the company’s stock, valued at approximately $67,399,000. Hayward accounts for 4.7% of BBR Partners LLC’s portfolio, making the stock its 4th largest position.

Other large investors have also added to or reduced their stakes in the company. MSD Capital L P acquired a new stake in Hayward in the 3rd quarter worth about $418,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hayward by 18.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock worth $86,476,000 after purchasing an additional 878,705 shares in the last quarter. Victory Capital Management Inc. raised its stake in Hayward by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,123,240 shares of the company’s stock worth $78,591,000 after purchasing an additional 32,514 shares in the last quarter. State Street Corp raised its stake in Hayward by 8.5% in the 3rd quarter. State Street Corp now owns 4,355,277 shares of the company’s stock worth $66,810,000 after purchasing an additional 341,424 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Hayward by 6.3% in the 4th quarter. Jennison Associates LLC now owns 3,380,867 shares of the company’s stock worth $51,693,000 after purchasing an additional 201,116 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HAYW shares. KeyCorp restated a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Robert W. Baird boosted 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. Finally, 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 research report on Wednesday, February 5th.

Hayward Stock Up 1.3 %

Hayward stock opened at $14.84 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a 12-month low of $11.96 and a 12-month high of $16.87. The firm’s fifty day moving average is $14.72 and its 200 day moving average is $15.09. The company has a market capitalization of $3.20 billion, a PE ratio of 35.32, a PEG ratio of 1.87 and a beta of 1.16.

Hayward (NYSE:HAYW) last released its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company had revenue of $327.08 million for the quarter, compared to the consensus estimate of $302.76 million. As a group, sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at $7,591,041.48. This represents a 8.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.25% of the company’s stock.

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.