Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 39.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,588 shares of the company's stock after selling 27,377 shares during the quarter. SG Americas Securities LLC's holdings in Hayward were worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of Hayward by 30.2% during the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after buying an additional 671 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Hayward by 61.9% during the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock worth $131,000 after acquiring an additional 3,268 shares in the last quarter. Wedmont Private Capital bought a new position in shares of Hayward during the 1st quarter worth approximately $142,000. iSAM Funds UK Ltd purchased a new stake in Hayward during the fourth quarter valued at approximately $165,000. Finally, Bridgefront Capital LLC acquired a new stake in Hayward in the fourth quarter valued at approximately $172,000.

Hayward Stock Performance

HAYW stock traded down $0.10 during trading on Friday, reaching $13.41. The company had a trading volume of 1,933,704 shares, compared to its average volume of 1,831,293. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.76 and a beta of 1.14. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.84 and a current ratio of 2.63. The firm has a 50-day simple moving average of $13.61 and a 200-day simple moving average of $14.21.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $228.84 million during the quarter, compared to the consensus estimate of $216.37 million. Hayward had a net margin of 11.53% and a return on equity of 10.94%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the sale, the chief executive officer now owns 623,540 shares in the company, valued at approximately $7,806,720.80. The trade was a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Robert W. Baird upped their price target on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Wolfe Research lowered Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $17.13.

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.