Hayward Holdings, Inc. (NYSE:HAYW) Position Reduced by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 847,221 shares of the company’s stock after selling 1,416 shares during the period. Public Employees Retirement Association of Colorado owned 0.39% of Hayward worth $10,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hayward by 2.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock valued at $352,000 after buying an additional 784 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Hayward by 2.2% in the second quarter. Arizona State Retirement System now owns 41,998 shares of the company’s stock valued at $517,000 after buying an additional 887 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Hayward by 1.4% in the first quarter. Bessemer Group Inc. now owns 81,400 shares of the company’s stock valued at $1,246,000 after buying an additional 1,100 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Hayward by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company’s stock valued at $785,000 after buying an additional 1,400 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of Hayward by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 110,346 shares of the company’s stock valued at $1,689,000 after buying an additional 1,443 shares in the last quarter.

Analysts Set New Price Targets

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

Insider Transactions at Hayward

In other Hayward news, SVP Susan M. Canning sold 5,028 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the sale, the senior vice president now owns 67,904 shares of the company’s stock, valued at approximately $950,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Tuesday, September 3rd. The stock was 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 $7,470,797.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Susan M. Canning sold 5,028 shares of the company’s 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 transaction, 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 ninety days, insiders have sold 133,599 shares of company stock worth $1,786,815. Company insiders own 3.25% of the company’s stock.

Hayward Stock Down 1.9 %

HAYW opened at $14.75 on Friday. The firm has a market cap of $3.17 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.68 and a current ratio of 2.59. The business has a 50 day moving average price of $13.99 and a 200 day moving average price of $13.92. Hayward Holdings, Inc. has a twelve month low of $9.80 and a twelve month high of $16.04.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $284.39 million during the quarter, compared to the consensus estimate of $282.60 million. Hayward had a net margin of 9.06% and a return on equity of 9.66%. Hayward’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. Research analysts forecast that Hayward Holdings, Inc. will post 0.59 EPS for the current 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.