T. Rowe Price Investment Management Inc. Sells 251,449 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

T. Rowe Price Investment Management Inc. lowered its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,824,800 shares of the company’s stock after selling 251,449 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 0.85% of Hayward worth $27,902,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Hayward by 22.8% during the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock valued at $295,174,000 after purchasing an additional 3,589,352 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Hayward by 31.2% during the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company’s stock worth $93,416,000 after acquiring an additional 1,453,282 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hayward by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company’s stock worth $74,520,000 after acquiring an additional 392,695 shares during the last quarter. BBR Partners LLC bought a new position in Hayward in the fourth quarter valued at $67,399,000. Finally, Fiduciary Management Inc. WI purchased a new stake in Hayward during the fourth quarter valued at about $62,949,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HAYW shares. Robert W. Baird upped their price objective on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Stifel Nicolaus raised shares of 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 cut shares of Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.13.

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 623,540 shares of the company’s stock, valued at approximately $7,806,720.80. The trade was a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.06% of the stock is currently owned by corporate insiders.

Hayward Stock Performance

NYSE:HAYW opened at $12.90 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. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The business has a 50 day moving average price of $13.45 and a 200-day moving average price of $14.71. The firm has a market cap of $2.79 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. Equities research analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current 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.