Arrowstreet Capital Limited Partnership Boosts Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Arrowstreet Capital Limited Partnership raised its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 525.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,295,833 shares of the company’s stock after buying an additional 2,769,273 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.53% of Hayward worth $50,393,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Hayward by 22.8% during the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock valued at $295,174,000 after buying an additional 3,589,352 shares during the last quarter. American Century Companies Inc. boosted its stake in Hayward by 31.2% during the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company’s stock valued at $93,416,000 after purchasing an additional 1,453,282 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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. BBR Partners LLC purchased a new position in shares of Hayward in the fourth quarter worth $67,399,000. Finally, State Street Corp lifted its holdings in shares of Hayward by 8.5% during the third quarter. State Street Corp now owns 4,355,277 shares of the company’s stock valued at $66,810,000 after purchasing an additional 341,424 shares in the last quarter.

Wall Street Analyst Weigh In

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

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.25% of the company’s stock.

Hayward Stock Down 2.1 %

HAYW stock opened at $13.63 on Wednesday. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The business’s 50-day moving average is $14.44 and its two-hundred day moving average is $15.07. Hayward Holdings, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $16.87.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping 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 net margin of 9.47% and a return on equity of 9.93%. As a group, analysts forecast that Hayward Holdings, Inc. will post 0.6 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.