Two Sigma Advisers LP Decreases Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Two Sigma Advisers LP cut its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 40.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,500 shares of the company's stock after selling 136,700 shares during the quarter. Two Sigma Advisers LP owned 0.09% of Hayward worth $3,127,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in Hayward by 53.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company's stock valued at $878,000 after acquiring an additional 19,983 shares during the period. Deutsche Bank AG increased its position in 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 acquiring an additional 79,050 shares during the period. MSD Partners L.P. increased its position in Hayward by 3.1% in the 4th quarter. MSD Partners L.P. now owns 1,346,472 shares of the company's stock valued at $20,588,000 after acquiring an additional 41,078 shares during the period. D. E. Shaw & Co. Inc. increased its position in Hayward by 494.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 168,201 shares of the company's stock valued at $2,572,000 after acquiring an additional 139,896 shares during the period. Finally, Principal Financial Group Inc. increased its position in Hayward by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 689,480 shares of the company's stock valued at $10,542,000 after acquiring an additional 21,084 shares during the period.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 50,000 shares of the firm'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 sale, the chief executive officer now owns 623,540 shares in the company, valued at approximately $8,766,972.40. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.06% of the company's stock.

Hayward Stock Down 0.8%

Shares of HAYW stock traded down $0.11 on Friday, hitting $13.96. The stock had a trading volume of 1,880,748 shares, compared to its average volume of 1,791,607. The business has a 50 day moving average of $13.27 and a 200 day moving average of $14.44. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 33.24, 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 Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87.

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 the consensus estimate of $0.09 by $0.01. The company 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 firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. As a group, analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.