Jane Street Group LLC bought a new stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 35,179 shares of the company's stock, valued at approximately $538,000.
Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after purchasing an additional 671 shares during the last quarter. KBC Group NV raised its stake in shares of Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock valued at $97,000 after acquiring an additional 2,283 shares during the period. Sterling Capital Management LLC raised its stake in shares of Hayward by 61.9% in the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after acquiring an additional 3,268 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock worth $156,000 after acquiring an additional 2,062 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Hayward by 6.9% during the 4th quarter. Corient Private Wealth LLC now owns 12,228 shares of the company's stock worth $187,000 after purchasing an additional 787 shares during the period.
Insider Buying and Selling
In related news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $14.06, for a total value of $703,000.00. Following the sale, the chief executive officer now owns 623,540 shares of the company's stock, valued at $8,766,972.40. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.06% of the stock is currently owned by insiders.
Hayward Stock Down 0.8%
Shares of HAYW stock traded down $0.11 during trading on Friday, reaching $13.96. The company's stock had a trading volume of 1,880,748 shares, compared to its average volume of 1,791,607. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The stock's 50-day moving average price is $13.27 and its 200 day moving average price is $14.44. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 33.24, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.
Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $228.84 million during the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company's quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current year.
Analyst Ratings Changes
A number of analysts have issued reports on HAYW shares. Wolfe Research lowered Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus raised 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 increased their target price on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hayward has an average rating of "Hold" and a consensus price target of $17.13.
Get Our Latest Stock Report on HAYW
Hayward Company Profile
(
Free Report)
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.
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