Hayward Holdings, Inc. (NYSE:HAYW) Shares Bought by Neo Ivy Capital Management

Neo Ivy Capital Management increased its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 139.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,767 shares of the company's stock after acquiring an additional 23,757 shares during the period. Neo Ivy Capital Management's holdings in Hayward were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Hayward by 53.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company's stock worth $878,000 after purchasing an additional 19,983 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Hayward during the 4th quarter worth about $287,000. MSD Partners L.P. raised its stake in shares of Hayward by 3.1% during the 4th quarter. MSD Partners L.P. now owns 1,346,472 shares of the company's stock valued at $20,588,000 after buying an additional 41,078 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Hayward by 767.8% in the 4th quarter. Deutsche Bank AG now owns 89,346 shares of the company's stock valued at $1,366,000 after buying an additional 79,050 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Hayward by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 689,480 shares of the company's stock valued at $10,542,000 after buying an additional 21,084 shares in the last quarter.

Hayward Stock Down 0.6%

Shares of NYSE HAYW traded down $0.09 during midday trading on Wednesday, hitting $13.97. The company's stock had a trading volume of 1,279,218 shares, compared to its average volume of 1,779,744. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The business's fifty day simple moving average is $13.28 and its two-hundred day simple moving average is $14.47. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings results 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 9.47% and a return on equity of 9.93%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $14.06, for a total value of $703,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $8,766,972.40. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HAYW shares. Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target on the stock in a research report on Wednesday, February 5th. Wolfe Research lowered Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Finally, Robert W. Baird upped their target price on Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Hayward has a consensus rating of "Hold" and an average target price of $17.13.

Hayward Company 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.