SG Americas Securities LLC Cuts Stake in Hayward Holdings, Inc. (NYSE:HAYW)

SG Americas Securities LLC lowered its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 39.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in shares of Hayward by 767.8% in the 4th quarter. Deutsche Bank AG now owns 89,346 shares of the company's stock worth $1,366,000 after buying an additional 79,050 shares during the last quarter. Jane Street Group LLC bought a new position in Hayward in the fourth quarter valued at about $538,000. Oppenheimer Asset Management Inc. lifted its holdings in Hayward by 53.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company's stock valued at $878,000 after acquiring an additional 19,983 shares during the period. MSD Partners L.P. boosted its position in Hayward by 3.1% in the fourth quarter. MSD Partners L.P. now owns 1,346,472 shares of the company's stock worth $20,588,000 after purchasing an additional 41,078 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Hayward by 494.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 168,201 shares of the company's stock valued at $2,572,000 after purchasing an additional 139,896 shares during the period.

Hayward Stock Performance

NYSE:HAYW traded down $0.14 during mid-day trading on Wednesday, hitting $13.81. 1,725,572 shares of the company traded hands, compared to its average volume of 1,824,948. The stock's fifty day moving average price is $13.67 and its 200-day moving average price is $14.18. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.66. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 2.80 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Robert W. Baird increased their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a 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's stock. According to MarketBeat, Hayward has a consensus rating of "Hold" and an average target price of $17.13.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $14.06, for a total value of $703,000.00. Following the completion of the sale, the chief executive officer now owns 623,540 shares in the company, valued at approximately $8,766,972.40. This represents a 7.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.06% of the company's stock.

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.