Raymond James Financial Inc. Invests $11.75 Million in Hayward Holdings, Inc. (NYSE:HAYW)

Raymond James Financial Inc. bought a new stake in Hayward Holdings, Inc. (NYSE:HAYW) in the 4th quarter, Holdings Channel reports. The institutional investor bought 768,639 shares of the company’s stock, valued at approximately $11,752,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MSD Capital L P acquired a new position in shares of Hayward during the 3rd quarter valued at about $418,901,000. Michael & Susan Dell Foundation acquired a new position in shares of Hayward during the 3rd quarter valued at about $39,646,000. Wellington Management Group LLP acquired a new position in shares of Hayward during the 3rd quarter valued at about $20,391,000. Weiss Asset Management LP increased its stake in shares of Hayward by 515.0% during the 3rd quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company’s stock valued at $19,731,000 after acquiring an additional 1,077,117 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hayward by 18.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock valued at $86,476,000 after acquiring an additional 878,705 shares during the last quarter.

Hayward Price Performance

Shares of NYSE HAYW opened at $14.24 on Friday. Hayward Holdings, Inc. has a 1-year low of $11.96 and a 1-year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The business’s fifty day moving average price is $14.56 and its two-hundred day moving average price is $15.06. The firm has a market capitalization of $3.07 billion, a PE ratio of 33.89, a P/E/G ratio of 1.87 and a beta of 1.16.

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

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.25% of the company’s stock.

Analyst Upgrades and Downgrades

HAYW has been the subject of a number of analyst reports. Stifel Nicolaus upgraded 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. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Finally, Robert W. Baird upped their price target on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 28th.

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.