Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 4.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,812 shares of the company’s stock after selling 2,322 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Hayward were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HAYW. Blue Trust Inc. lifted its stake in Hayward by 30.2% during the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the last quarter. KBC Group NV raised its holdings in shares of Hayward by 56.2% during the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock worth $97,000 after purchasing an additional 2,283 shares during the period. Sterling Capital Management LLC lifted its position in shares of Hayward by 61.9% in the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company’s stock worth $131,000 after buying an additional 3,268 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock valued at $156,000 after buying an additional 2,062 shares during the period. Finally, iSAM Funds UK Ltd bought a new stake in shares of Hayward during the 4th quarter valued at about $165,000.

Insider Activity

In other news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,540 shares of the company’s stock, valued at approximately $7,806,720.80. This represents a 7.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HAYW shares. Wolfe Research cut shares of Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their price objective on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.13.

Hayward Stock Performance

HAYW opened at $14.10 on Wednesday. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $13.26 and its 200-day moving average is $14.41. The stock has a market cap of $3.05 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87.

Hayward (NYSE:HAYW) last posted its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $228.84 million for the quarter, compared to analysts’ expectations of $216.37 million. During the same period last year, the firm earned $0.08 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

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.