Rafferty Asset Management LLC Increases Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Rafferty Asset Management LLC increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,291 shares of the company’s stock after buying an additional 9,146 shares during the quarter. Rafferty Asset Management LLC’s holdings in Hayward were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAYW. Kovitz Investment Group Partners LLC grew its stake in Hayward by 385.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock worth $128,942,000 after buying an additional 6,696,170 shares during the last quarter. Michael & Susan Dell Foundation grew its stake in Hayward by 247.6% during the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company’s stock worth $137,373,000 after buying an additional 6,400,000 shares during the last quarter. BBR Partners LLC purchased a new position in Hayward during the 4th quarter worth $67,399,000. Fiduciary Management Inc. WI purchased a new position in Hayward during the 4th quarter worth $62,949,000. Finally, Vanguard Group Inc. grew its stake in Hayward by 22.8% during the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock worth $295,174,000 after buying an additional 3,589,352 shares during the last quarter.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total value of $626,000.00. Following the sale, the chief executive officer now owns 623,540 shares in the company, valued at $7,806,720.80. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.06% of the company’s stock.

Hayward Stock Down 0.2%

Hayward stock opened at $13.74 on Friday. 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 simple moving average is $13.31 and its two-hundred day simple moving average is $14.54. The company has a market cap of $2.97 billion, a PE ratio of 32.71, a PEG ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87.

Hayward (NYSE:HAYW) last issued its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $228.84 million for the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HAYW. Robert W. Baird boosted their price target on Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. 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. Finally, Wolfe Research downgraded Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hayward presently has an average rating of “Hold” and a consensus target price of $17.13.

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.