Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 11.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 415,169 shares of the company's stock after selling 53,912 shares during the quarter. Los Angeles Capital Management LLC owned about 0.19% of Hayward worth $5,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. 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 buying an additional 3,268 shares in the last quarter. KBC Group NV raised its stake in shares of Hayward by 51.1% during the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after buying an additional 3,241 shares in the last quarter. Wedmont Private Capital purchased a new position in shares of Hayward during the 1st quarter worth approximately $142,000. iSAM Funds UK Ltd purchased a new position in shares of Hayward during the 4th quarter worth approximately $165,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Hayward during the 4th quarter worth approximately $172,000.

Insider Buying and Selling

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

Hayward Price Performance

NYSE HAYW traded down $0.12 during mid-day trading on Friday, hitting $14.93. The stock had a trading volume of 271,378 shares, compared to its average volume of 1,807,110. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 2.93 and a beta of 1.12. The company has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $14.01. 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 (NYSE:HAYW - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.10 EPS 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 analysts' expectations of $216.37 million. Hayward had a return on equity of 10.94% and a net margin of 11.53%. Hayward's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. Equities analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

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