MQS Management LLC Invests $171,000 in Hayward Holdings, Inc. (NYSE:HAYW)

MQS Management LLC acquired a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,923 shares of the company’s stock, valued at approximately $171,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Hayward in the 2nd quarter valued at about $286,000. Dimensional Fund Advisors LP boosted its stake in Hayward by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,267,404 shares of the company’s stock worth $52,489,000 after acquiring an additional 469,124 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Hayward during the second quarter valued at approximately $190,000. American Century Companies Inc. increased its stake in Hayward by 13.6% in the second quarter. American Century Companies Inc. now owns 4,671,932 shares of the company’s stock valued at $57,465,000 after purchasing an additional 558,227 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in Hayward by 4.0% in the second quarter. Texas Permanent School Fund Corp now owns 114,806 shares of the company’s stock valued at $1,412,000 after purchasing an additional 4,460 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HAYW shares. Stifel Nicolaus boosted their price target on shares of Hayward from $15.00 to $15.50 and gave the company a “hold” rating in a report on Friday, August 30th. The Goldman Sachs Group decreased their target price on Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Robert W. Baird increased their price target on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, KeyCorp cut their price objective on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.50.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total transaction of $612,426.53. Following the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,470,797.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan M. Canning sold 5,028 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were 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 approximately $950,656. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,599 shares of company stock valued at $1,786,815. Corporate insiders own 3.25% of the company’s stock.

Hayward Stock Performance

Shares of Hayward stock opened at $14.75 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The stock’s 50-day moving average is $13.99 and its 200-day moving average is $13.92. Hayward Holdings, Inc. has a one year low of $9.80 and a one year high of $16.04.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $282.60 million. During the same quarter in the prior year, the firm posted $0.19 EPS. The business’s revenue was up .3% on a year-over-year basis. Equities analysts predict that Hayward Holdings, Inc. will post 0.59 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.