Kornitzer Capital Management Inc. KS Takes Position in Hayward Holdings, Inc. (NYSE:HAYW)

Kornitzer Capital Management Inc. KS bought a new stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 55,000 shares of the company's stock, valued at approximately $766,000.

Several other institutional investors have also modified their holdings of the stock. Arizona State Retirement System lifted its stake in shares of Hayward by 27.2% in the first quarter. Arizona State Retirement System now owns 55,613 shares of the company's stock worth $774,000 after buying an additional 11,909 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Hayward by 0.9% in the first quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock worth $1,381,000 after buying an additional 869 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Hayward by 50.2% in the first quarter. Envestnet Asset Management Inc. now owns 71,174 shares of the company's stock worth $991,000 after buying an additional 23,790 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Hayward by 2.4% in the first quarter. Principal Financial Group Inc. now owns 706,002 shares of the company's stock worth $9,828,000 after buying an additional 16,522 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Hayward by 99.1% in the first quarter. Teacher Retirement System of Texas now owns 29,535 shares of the company's stock worth $411,000 after buying an additional 14,702 shares in the last quarter.

Hayward Trading Down 0.3%

Shares of Hayward stock traded down $0.05 on Friday, reaching $14.66. The company had a trading volume of 1,573,823 shares, compared to its average volume of 1,826,217. The firm's 50 day moving average price is $14.12 and its two-hundred day moving average price is $14.02. The firm has a market cap of $3.17 billion, a PE ratio of 26.65, a PEG ratio of 2.97 and a beta of 1.12. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week 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.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $228.84 million for 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 was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. Sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $14.20, for a total value of $860,108.20. Following the sale, the chief executive officer directly owned 623,540 shares of the company's stock, valued at approximately $8,854,268. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.06% of the company's stock.

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.