295,195 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Acquired by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new position in Hayward Holdings, Inc. (NYSE:HAYW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 295,195 shares of the company’s stock, valued at approximately $4,514,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAYW. True Wealth Design LLC purchased a new stake in shares of Hayward in the 3rd quarter worth approximately $44,000. Blue Trust Inc. grew its stake in shares of Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Hayward by 98.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after buying an additional 2,524 shares during the last quarter. KBC Group NV grew its stake 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 buying an additional 2,283 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock worth $156,000 after buying an additional 2,062 shares during the last quarter.

Insider Activity

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 transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. This trade represents a 8.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HAYW shares. Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a research note on Wednesday, February 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Finally, Robert W. Baird upped their price objective on Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, February 28th.

Hayward Price Performance

NYSE HAYW opened at $13.96 on Friday. The business’s fifty day moving average price is $14.55 and its 200-day moving average price is $15.05. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. Hayward Holdings, Inc. has a 1-year low of $11.96 and a 1-year high of $16.87.

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

Hayward Company 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.