Clearbridge Investments LLC Trims Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Clearbridge Investments LLC lowered its position in Hayward Holdings, Inc. (NYSE:HAYWFree Report) by 0.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,714,364 shares of the company’s stock after selling 5,712 shares during the period. Clearbridge Investments LLC’s holdings in Hayward were worth $36,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAYW. Pacer Advisors Inc. purchased a new stake in shares of Hayward during the fourth quarter worth approximately $37,000. Numerai GP LLC purchased a new stake in shares of Hayward during the third quarter worth approximately $146,000. Teacher Retirement System of Texas purchased a new stake in shares of Hayward during the third quarter worth approximately $161,000. Everence Capital Management Inc. purchased a new stake in shares of Hayward during the fourth quarter worth approximately $173,000. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Hayward during the third quarter worth approximately $312,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on HAYW shares. Stifel Nicolaus upped their price target on Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. The Goldman Sachs Group increased their price objective on Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.70.

Get Our Latest Research Report on HAYW

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $14.36, for a total transaction of $615,426.52. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,507,393.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 147,143 shares of company stock valued at $2,117,174 in the last 90 days. 3.25% of the stock is currently owned by insiders.

Hayward Trading Down 1.3 %

NYSE:HAYW opened at $14.61 on Thursday. The company has a market capitalization of $3.14 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 3.37 and a debt-to-equity ratio of 0.82. Hayward Holdings, Inc. has a 52-week low of $9.80 and a 52-week high of $16.04. The stock has a fifty day simple moving average of $14.35 and a 200-day simple moving average of $13.29.

Hayward (NYSE:HAYWGet Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities research analysts expect that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Hayward Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HAYW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hayward Holdings, Inc. (NYSE:HAYWFree Report).

Institutional Ownership by Quarter for Hayward (NYSE:HAYW)

Receive News & Ratings for Hayward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hayward and related companies with MarketBeat.com's FREE daily email newsletter.