Kovitz Investment Group Partners LLC Makes New Investment in Hayward Holdings, Inc. (NYSE:HAYW)

Kovitz Investment Group Partners LLC bought a new position in Hayward Holdings, Inc. (NYSE:HAYWGet Rating) in the first quarter, HoldingsChannel reports. The fund bought 914,020 shares of the company’s stock, valued at approximately $15,191,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Quadrant LLC CA bought a new position in Hayward in the first quarter worth approximately $35,000. Wedge Capital Management L L P NC boosted its holdings in Hayward by 59.1% in the first quarter. Wedge Capital Management L L P NC now owns 754,874 shares of the company’s stock worth $12,546,000 after acquiring an additional 280,297 shares in the last quarter. Seven Eight Capital LP bought a new position in Hayward in the fourth quarter worth approximately $328,000. London Co. of Virginia bought a new position in Hayward in the fourth quarter worth approximately $45,176,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Hayward by 70.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 51,793 shares of the company’s stock worth $1,313,000 after acquiring an additional 21,327 shares in the last quarter. 90.96% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Lesley Billow sold 4,570 shares of the firm’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $16.83, for a total value of $76,913.10. Following the transaction, the senior vice president now directly owns 49,097 shares in the company, valued at approximately $826,302.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alberta Investment Management sold 1,182,012 shares of the firm’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $13.88, for a total value of $16,406,326.56. Following the completion of the transaction, the insider now owns 25,728,572 shares in the company, valued at $357,112,579.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,945,434 shares of company stock worth $138,164,510. Company insiders own 3.10% of the company’s stock.

A number of research analysts have recently weighed in on HAYW shares. KeyCorp dropped their target price on Hayward from $26.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, April 18th. William Blair reaffirmed an “outperform” rating on shares of Hayward in a research report on Thursday, April 28th. Morgan Stanley decreased their price target on Hayward from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 31st. The Goldman Sachs Group decreased their price target on Hayward from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, April 13th. Finally, Credit Suisse Group started coverage on Hayward in a research report on Tuesday, April 5th. They set an “outperform” rating and a $21.00 price target for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.86.

Shares of HAYW stock opened at $14.50 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 2.37 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $14.95 and a two-hundred day moving average price of $17.66. Hayward Holdings, Inc. has a 12-month low of $13.21 and a 12-month high of $28.65. The firm has a market cap of $3.28 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 9.40 and a beta of 0.93.

Hayward (NYSE:HAYWGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Hayward had a return on equity of 21.48% and a net margin of 16.30%. The company had revenue of $410.46 million for the quarter, compared to the consensus estimate of $379.01 million. During the same quarter in the previous year, the business earned ($0.38) EPS. Hayward’s revenue was up 22.8% compared to the same quarter last year. As a group, research analysts expect that Hayward Holdings, Inc. will post 1.24 EPS for the current fiscal year.

Hayward Company Profile (Get Rating)

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 a range of pool equipment, including pumps, filters, robotic, suction and pressure cleaners, heaters, water features and landscape lighting, salt chlorine generators, safety equipment, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

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Institutional Ownership by Quarter for Hayward (NYSE:HAYW)

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