Hayward Holdings, Inc. (NYSE:HAYW) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in Hayward Holdings, Inc. (NYSE:HAYW) by 40.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,356 shares of the company’s stock after acquiring an additional 12,767 shares during the quarter. New York State Teachers Retirement System’s holdings in Hayward were worth $603,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. MetLife Investment Management LLC lifted its holdings in shares of Hayward by 56.8% during the second quarter. MetLife Investment Management LLC now owns 2,186 shares of the company’s stock worth $28,000 after purchasing an additional 792 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Hayward during the first quarter worth $29,000. Ensign Peak Advisors Inc lifted its holdings in shares of Hayward by 918.8% during the third quarter. Ensign Peak Advisors Inc now owns 3,260 shares of the company’s stock worth $29,000 after purchasing an additional 2,940 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Hayward during the fourth quarter worth $37,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Hayward by 44.7% during the first quarter. Advisory Services Network LLC now owns 3,237 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO Kevin Holleran sold 61,429 shares of Hayward stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $15.14, for a total transaction of $930,035.06. Following the completion of the sale, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,915,176.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

Hayward Trading Down 0.6 %

Shares of HAYW stock opened at $13.17 on Friday. Hayward Holdings, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $16.04. The stock has a market cap of $2.82 billion, a P/E ratio of 36.58 and a beta of 1.22. The business has a fifty day simple moving average of $14.03 and a 200-day simple moving average of $12.98. The company has a quick ratio of 2.13, a current ratio of 3.02 and a debt-to-equity ratio of 0.82.

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

About Hayward

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.