Teacher Retirement System of Texas Makes New Investment in Hayward Holdings, Inc. (NYSE:HAYW)

Teacher Retirement System of Texas purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,833 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors have also modified their holdings of HAYW. Blue Trust Inc. raised its holdings in Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares during the last quarter. Harbor Investment Advisory LLC grew its position in shares of Hayward by 98.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $78,000 after purchasing an additional 2,524 shares during the period. KBC Group NV increased its stake in Hayward by 56.2% in the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after purchasing an additional 2,283 shares during the last quarter. Pacer Advisors Inc. lifted its position in Hayward by 25.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock worth $156,000 after buying an additional 2,062 shares during the period. Finally, Oak Thistle LLC acquired a new stake in Hayward in the 4th quarter worth about $162,000.

Hayward Stock Performance

Shares of NYSE:HAYW opened at $13.63 on Wednesday. The business’s 50-day simple moving average is $14.44 and its 200 day simple moving average is $15.07. The company has a market cap of $2.94 billion, a P/E ratio of 32.44, a PEG ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. Hayward Holdings, Inc. has a one year low of $11.96 and a one year high of $16.87.

Hayward (NYSE:HAYW) last posted its earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $327.08 million for the quarter, compared to analysts’ expectations of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. On average, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $7,591,041.48. The trade was a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAYW. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research note 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 report on Friday, February 28th.

Hayward Company 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.