Strs Ohio Reduces Position in Hayward Holdings, Inc. (NYSE:HAYW)

Strs Ohio trimmed its position in Hayward Holdings, Inc. (NYSE:HAYW) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,806 shares of the company’s stock after selling 18,250 shares during the quarter. Strs Ohio’s holdings in Hayward were worth $1,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAYW. Pacer Advisors Inc. purchased a new stake in shares of Hayward in the fourth quarter worth about $37,000. Numerai GP LLC purchased a new stake in shares of Hayward in the third quarter worth about $146,000. Teacher Retirement System of Texas purchased a new stake in shares of Hayward in the third quarter worth about $161,000. CIBC Asset Management Inc bought a new position in shares of Hayward in the third quarter worth approximately $195,000. Finally, Park Avenue Securities LLC increased its position in shares of Hayward by 12.0% in the third quarter. Park Avenue Securities LLC now owns 19,488 shares of the company’s stock worth $275,000 after purchasing an additional 2,084 shares during the last quarter.

Hayward Stock Up 1.7 %

Shares of NYSE HAYW opened at $13.43 on Tuesday. Hayward Holdings, Inc. has a one year low of $9.80 and a one year high of $16.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.02 and a quick ratio of 2.13. The firm’s 50 day simple moving average is $14.03 and its two-hundred day simple moving average is $12.97. The stock has a market capitalization of $2.88 billion, a P/E ratio of 37.31 and a beta of 1.22.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Hayward had a net margin of 8.13% and a return on equity of 9.55%. The business had revenue of $278.50 million for the quarter, compared to analysts’ expectations of $271.47 million. During the same period last year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts expect that Hayward Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 61,429 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $15.14, for a total transaction of $930,035.06. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,915,176.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HAYW. TheStreet upgraded shares of Hayward from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Jefferies Financial Group cut shares of Hayward from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $14.00 in a research report on Thursday, January 11th. Stifel Nicolaus upped their price objective on shares of Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.70.

Hayward 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.