Neo Ivy Capital Management Acquires 23,757 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Neo Ivy Capital Management raised its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 139.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,767 shares of the company's stock after purchasing an additional 23,757 shares during the quarter. Neo Ivy Capital Management's holdings in Hayward were worth $623,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after purchasing an additional 671 shares during the last quarter. KBC Group NV increased its stake in shares of Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock valued at $97,000 after buying an additional 2,283 shares during the period. Sterling Capital Management LLC increased its stake in shares of Hayward by 61.9% in the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after buying an additional 3,268 shares during the period. Pacer Advisors Inc. increased its stake in shares of Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock valued at $156,000 after buying an additional 2,062 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Hayward in the 4th quarter valued at $165,000.

Insider Activity

In other news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 $8,766,972.40. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.06% of the company's stock.

Analyst Ratings Changes

HAYW has been the subject of a number of analyst reports. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Robert W. Baird lifted their price objective on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Finally, Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective for the company in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hayward currently has an average rating of "Hold" and a consensus price target of $17.13.

Hayward Trading Up 3.3%

NYSE:HAYW traded up $0.44 on Tuesday, reaching $14.05. The company's stock had a trading volume of 1,266,848 shares, compared to its average volume of 1,781,746. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The firm has a market cap of $3.04 billion, a PE ratio of 33.46, a PEG ratio of 1.87 and a beta of 1.15. The business's 50-day moving average price is $13.29 and its two-hundred day moving average price is $14.48.

Hayward (NYSE:HAYW - Get Free Report) last posted its 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. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $228.84 million during the quarter, compared to analysts' expectations of $216.37 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

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.