Quantinno Capital Management LP Invests $318,000 in Hayward Holdings, Inc. (NYSE:HAYW)

Quantinno Capital Management LP purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,772 shares of the company's stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in shares of Hayward by 53.4% in the 4th 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 bought a new stake in shares of Hayward in the 4th quarter worth about $287,000. MSD Partners L.P. increased its position in shares of Hayward by 3.1% in the 4th quarter. MSD Partners L.P. now owns 1,346,472 shares of the company's stock worth $20,588,000 after purchasing an additional 41,078 shares during the last quarter. Deutsche Bank AG increased its position in shares of Hayward by 767.8% in the 4th quarter. Deutsche Bank AG now owns 89,346 shares of the company's stock worth $1,366,000 after purchasing an additional 79,050 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Hayward by 494.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 168,201 shares of the company's stock worth $2,572,000 after purchasing an additional 139,896 shares during the last quarter.

Hayward Stock Performance

Shares of NYSE HAYW traded up $0.12 during midday trading on Thursday, hitting $14.08. The company's stock had a trading volume of 547,797 shares, compared to its average volume of 1,776,521. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The firm's fifty day moving average price is $13.28 and its 200-day moving average price is $14.47. 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 P/E ratio of 33.54, a P/E/G ratio of 1.87 and a beta of 1.15.

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, beating the consensus estimate of $0.09 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $228.84 million during the quarter, compared to analyst estimates of $216.37 million. During the same period in the previous year, the business posted $0.08 EPS. The company's quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $14.06, for a total transaction of $703,000.00. Following the completion of the transaction, the chief executive officer now directly owns 623,540 shares of the company's stock, valued at $8,766,972.40. The trade was a 7.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.06% of the stock is currently owned by company insiders.

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.