New York State Common Retirement Fund Decreases Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

New York State Common Retirement Fund decreased its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,743 shares of the company’s stock after selling 14,000 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Hayward worth $2,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAYW. MSD Capital L P purchased a new stake in Hayward in the 3rd quarter valued at approximately $418,901,000. Michael & Susan Dell Foundation acquired a new stake in shares of Hayward during the 3rd quarter worth $39,646,000. Wellington Management Group LLP purchased a new stake in Hayward during the 3rd quarter worth $20,391,000. Weiss Asset Management LP boosted its position in Hayward by 515.0% during the 3rd quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company’s stock worth $19,731,000 after purchasing an additional 1,077,117 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hayward by 18.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock worth $86,476,000 after purchasing an additional 878,705 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HAYW shares. Robert W. Baird upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a research report on Wednesday, February 5th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $14.52, for a total transaction of $726,000.00. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.25% of the company’s stock.

Hayward Price Performance

Shares of NYSE:HAYW opened at $14.47 on Friday. The firm’s 50 day moving average is $14.79 and its two-hundred day moving average is $15.08. Hayward Holdings, Inc. has a 52 week low of $11.96 and a 52 week high of $16.87. The firm has a market capitalization of $3.12 billion, a P/E ratio of 34.46, a PEG ratio of 1.87 and a beta of 1.16. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. Analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Hayward 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.