Teza Capital Management LLC Sells 59,108 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Teza Capital Management LLC lowered its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 42.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,500 shares of the company's stock after selling 59,108 shares during the period. Teza Capital Management LLC's holdings in Hayward were worth $1,216,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Hayward by 22.8% during the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after buying an additional 3,589,352 shares in the last quarter. Michael & Susan Dell Foundation lifted its stake in Hayward by 247.6% during the 4th quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock valued at $137,373,000 after acquiring an additional 6,400,000 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock worth $128,942,000 after purchasing an additional 6,696,170 shares during the last quarter. American Century Companies Inc. grew its position in Hayward by 31.2% in the 4th quarter. American Century Companies Inc. now owns 6,109,632 shares of the company's stock worth $93,416,000 after purchasing an additional 1,453,282 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Hayward by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company's stock worth $74,520,000 after purchasing an additional 392,695 shares during the period.

Hayward Stock Performance

NYSE:HAYW traded down $0.03 during mid-day trading on Thursday, hitting $13.74. 1,608,829 shares of the company traded hands, compared to its average volume of 1,774,027. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The stock's fifty day moving average price is $13.32 and its 200-day moving average price is $14.55. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share 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 for the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently 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 note on Wednesday, February 5th. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Finally, Robert W. Baird boosted their price target on Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $17.13.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the 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 owns 623,540 shares of the company's stock, valued at approximately $8,766,972.40. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.