De Lisle Partners LLP Purchases 20,000 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Key Points

• De Lisle Partners LLP increased its holdings in Hayward Holdings, Inc. by 5.3%, acquiring an additional 20,000 shares in the 1st quarter, bringing their total ownership to 397,603 shares valued at approximately $5.54 million.
• Hayward's CEO, Kevin Holleran, sold 60,571 shares at an average price of $14.20, resulting in an 8.85% decrease in his ownership of the stock.
• Wolfe Research downgraded Hayward's rating from "outperform" to "peer perform", with an average consensus target price of $17.13 among analysts.

De Lisle Partners LLP increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 397,603 shares of the company's stock after acquiring an additional 20,000 shares during the period. Hayward comprises approximately 0.9% of De Lisle Partners LLP's holdings, making the stock its 28th largest holding. De Lisle Partners LLP owned approximately 0.18% of Hayward worth $5,537,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sterling Capital Management LLC boosted its position in 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 buying an additional 3,268 shares during the last quarter. KBC Group NV boosted its position in Hayward by 51.1% in the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock valued at $133,000 after buying an additional 3,241 shares during the last quarter. Wedmont Private Capital bought a new position in Hayward in the 1st quarter valued at $142,000. Pacer Advisors Inc. boosted its position in Hayward by 9.5% in the 1st quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock valued at $155,000 after buying an additional 969 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Hayward in the 4th quarter valued at $165,000.

Analysts Set New Price Targets

Separately, Wolfe Research lowered Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Hayward has an average rating of "Hold" and a consensus target price of $17.13.

Hayward Trading Down 1.3%

Hayward stock traded down $0.20 during mid-day trading on Friday, hitting $15.18. 3,630,155 shares of the company's stock were exchanged, compared to its average volume of 1,879,231. The firm has a market capitalization of $3.28 billion, a P/E ratio of 26.17, a PEG ratio of 3.01 and a beta of 1.12. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The company has a quick ratio of 1.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.63. The company's 50 day simple moving average is $14.25 and its 200-day simple moving average is $14.03.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $299.60 million for the quarter, compared to the consensus estimate of $291.17 million. Hayward had a return on equity of 11.07% and a net margin of 12.04%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $14.20, for a total transaction of $860,108.20. Following the completion of the transaction, the chief executive officer owned 623,540 shares in the company, valued at approximately $8,854,268. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eifion Jones sold 15,000 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $15.50, for a total value of $232,500.00. Following the transaction, the chief financial officer owned 287,231 shares of the company's stock, valued at approximately $4,452,080.50. This trade represents a 4.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,571 shares of company stock worth $1,795,608 in the last ninety days. 5.06% of the stock is currently owned by company insiders.

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.