Hayward Holdings, Inc. (NYSE:HAYW) Shares Acquired by Homestead Advisers Corp

Homestead Advisers Corp lifted its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,300 shares of the company's stock after acquiring an additional 58,300 shares during the quarter. Homestead Advisers Corp owned 0.21% of Hayward worth $6,185,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Hayward during the 1st quarter worth about $283,000. Jennison Associates LLC boosted its stake in shares of Hayward by 5.8% during the 1st quarter. Jennison Associates LLC now owns 3,575,410 shares of the company's stock worth $49,770,000 after acquiring an additional 194,543 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Hayward during the 1st quarter worth about $766,000. Arizona State Retirement System boosted its stake in shares of Hayward by 27.2% during the 1st quarter. Arizona State Retirement System now owns 55,613 shares of the company's stock worth $774,000 after acquiring an additional 11,909 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Hayward by 0.9% during the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock worth $1,381,000 after acquiring an additional 869 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $17.13.

Hayward Price Performance

Hayward stock traded down $0.13 during midday trading on Friday, reaching $14.93. The company had a trading volume of 549,503 shares, compared to its average volume of 1,808,870. The company has a market capitalization of $3.23 billion, a P/E ratio of 27.14, a P/E/G ratio of 2.93 and a beta of 1.12. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87. The firm's fifty day simple moving average is $14.15 and its 200-day simple moving average is $14.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.63 and a quick ratio of 1.84.

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

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $14.20, for a total value of $860,108.20. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.