Jennison Associates LLC Raises Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Jennison Associates LLC increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,380,867 shares of the company’s stock after purchasing an additional 201,116 shares during the quarter. Jennison Associates LLC owned 1.57% of Hayward worth $51,693,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. raised its position in Hayward by 2,710.1% in the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock valued at $34,000 after purchasing an additional 2,141 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Hayward in the third quarter valued at approximately $43,000. True Wealth Design LLC purchased a new stake in Hayward during the 3rd quarter worth approximately $44,000. Harbor Investment Advisory LLC lifted its holdings in Hayward by 98.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after buying an additional 2,524 shares in the last quarter. Finally, KBC Group NV boosted its position in Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after buying an additional 2,283 shares during the period.

Insider Buying and Selling

In other news, CFO Eifion Jones sold 75,000 shares of Hayward stock in a transaction on Friday, November 8th. The shares were sold at an average price of $16.11, for a total value of $1,208,250.00. Following the transaction, the chief financial officer now directly owns 258,903 shares of the company’s stock, valued at $4,170,927.33. The trade was a 22.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. This represents a 8.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 225,000 shares of company stock worth $3,530,250 over the last 90 days. 3.25% of the stock is owned by insiders.

Analysts Set New Price Targets

HAYW has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective on Hayward from $15.50 to $16.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Robert W. Baird lifted their price objective on Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. KeyCorp restated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Hayward from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th.

Hayward Stock Down 0.6 %

Shares of NYSE HAYW opened at $14.25 on Wednesday. Hayward Holdings, Inc. has a 1 year low of $11.96 and a 1 year high of $16.87. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 1.95 and a beta of 1.16. 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 has a 50-day moving average of $15.36 and a two-hundred day moving average of $15.00.

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.