Teachers Retirement System of The State of Kentucky Reduces Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Teachers Retirement System of The State of Kentucky lowered its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 575,403 shares of the company’s stock after selling 32,381 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.27% of Hayward worth $8,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HAYW. Vanguard Group Inc. raised its holdings in Hayward by 8.6% during the 4th quarter. Vanguard Group Inc. now owns 14,703,702 shares of the company’s stock valued at $199,970,000 after buying an additional 1,166,717 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Hayward by 4,616.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 853,267 shares of the company’s stock valued at $11,604,000 after purchasing an additional 835,175 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hayward by 24.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,419,859 shares of the company’s stock valued at $46,511,000 after purchasing an additional 662,795 shares during the last quarter. Schroder Investment Management Group grew its position in Hayward by 17.5% during the 4th quarter. Schroder Investment Management Group now owns 3,670,574 shares of the company’s stock valued at $49,920,000 after purchasing an additional 546,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Hayward by 24.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,526,677 shares of the company’s stock valued at $34,363,000 after purchasing an additional 491,971 shares during the last quarter.

Wall Street Analysts Forecast Growth

HAYW has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Robert W. Baird raised their target price on shares of Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Hayward from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, KeyCorp dropped their price objective on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.40.

Hayward Stock Performance

Shares of NYSE:HAYW traded down $0.23 during trading on Friday, reaching $14.10. The company had a trading volume of 1,512,785 shares, compared to its average volume of 2,054,951. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 2.34. The stock’s fifty day moving average price is $13.20 and its 200 day moving average price is $13.60. Hayward Holdings, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $16.04.

Hayward (NYSE:HAYW) last announced its earnings results on Tuesday, July 30th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The firm had revenue of $284.39 million for the quarter, compared to analysts’ expectations of $282.60 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Hayward’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities research analysts predict that Hayward Holdings, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at Hayward

In related news, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the completion of the sale, the senior vice president now directly owns 67,904 shares of the company’s stock, valued at $950,656. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $12.13, for a total value of $519,855.41. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $6,341,551.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total transaction of $70,392.00. Following the sale, the senior vice president now directly owns 67,904 shares in the company, valued at $950,656. The disclosure for this sale can be found here. Insiders have sold 133,599 shares of company stock valued at $1,803,958 over the last three months. 3.25% of the stock is owned by company insiders.

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.