Fiduciary Management Inc. WI raised its stake in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 13.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,089,866 shares of the company’s stock after purchasing an additional 1,063,380 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Hayward were worth $140,438,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new position in Hayward in the third quarter valued at about $37,846,000. Principal Financial Group Inc. lifted its position in Hayward by 35.4% in the third quarter. Principal Financial Group Inc. now owns 956,373 shares of the company’s stock valued at $14,460,000 after buying an additional 250,214 shares during the last quarter. Vanguard Group Inc. lifted its position in Hayward by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,933,077 shares of the company’s stock valued at $323,416,000 after buying an additional 105,472 shares during the last quarter. American Century Companies Inc. lifted its position in Hayward by 3.3% in the third quarter. American Century Companies Inc. now owns 6,650,091 shares of the company’s stock valued at $100,549,000 after buying an additional 211,075 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Hayward by 23.5% in the third quarter. Rhumbline Advisers now owns 441,107 shares of the company’s stock valued at $6,670,000 after buying an additional 84,067 shares during the last quarter.
Hayward Stock Down 0.7%
HAYW stock opened at $14.08 on Friday. The company’s 50 day moving average price is $14.25 and its 200 day moving average price is $15.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.47 and a current ratio of 3.26. Hayward Holdings, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $17.73. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.48 and a beta of 1.12.
Insider Transactions at Hayward
In other news, CEO Kevin Holleran sold 52,389 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $13.79, for a total transaction of $722,444.31. Following the sale, the chief executive officer owned 701,234 shares of the company’s stock, valued at approximately $9,670,016.86. This trade represents a 6.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan M. Canning purchased 2,242 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $12.76 per share, for a total transaction of $28,607.92. Following the completion of the purchase, the senior vice president directly owned 103,837 shares of the company’s stock, valued at $1,324,960.12. The trade was a 2.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 119,778 shares of company stock valued at $1,644,055. Corporate insiders own 4.73% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Weiss Ratings cut shares of Hayward from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 8th. Bank of America reduced their price target on shares of Hayward from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Stifel Nicolaus reissued a “buy” rating and set a $19.50 price target (up from $19.00) on shares of Hayward in a research report on Thursday, February 26th. Zacks Research cut shares of Hayward from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $15.00 price target (down from $16.00) on shares of Hayward in a research report on Tuesday, March 31st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.50.
Read Our Latest Analysis on HAYW
Hayward Profile
Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.
Hayward’s product portfolio is organized into several core categories.
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