MSD Partners L.P. Has $20.59 Million Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

MSD Partners L.P. lifted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,346,472 shares of the company’s stock after purchasing an additional 41,078 shares during the quarter. Hayward accounts for about 14.5% of MSD Partners L.P.’s portfolio, making the stock its 2nd largest position. MSD Partners L.P.’s holdings in Hayward were worth $20,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC increased its stake in shares of Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock worth $128,942,000 after purchasing an additional 6,696,170 shares in the last quarter. Michael & Susan Dell Foundation raised its position in shares of Hayward by 247.6% in the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company’s stock worth $137,373,000 after acquiring an additional 6,400,000 shares in the last quarter. BBR Partners LLC purchased a new stake in shares of Hayward in the 4th quarter worth approximately $67,399,000. Fiduciary Management Inc. WI bought a new stake in Hayward during the 4th quarter valued at about $62,949,000. Finally, Vanguard Group Inc. increased its holdings in shares of Hayward by 22.8% in the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock worth $295,174,000 after purchasing an additional 3,589,352 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus raised Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target for the company in a report on Wednesday, February 5th. Wolfe Research downgraded shares of Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Finally, Robert W. Baird increased their target price on Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.13.

Insider Activity at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the completion of the transaction, the chief executive officer now owns 623,540 shares of the company’s stock, valued at $7,806,720.80. The trade was a 7.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.06% of the stock is currently owned by insiders.

Hayward Price Performance

Hayward stock opened at $14.74 on Wednesday. The company’s 50 day moving average is $13.32 and its two-hundred day moving average is $14.61. The firm has a market cap of $3.19 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. 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 52-week low of $11.10 and a 52-week high of $16.87.

Hayward (NYSE:HAYW) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business had revenue of $228.84 million during the quarter, compared to analysts’ expectations of $216.37 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal 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.