Victory Capital Management Inc. Decreases Stock Position in Hayward Holdings, Inc. (NYSE:HAYW)

Victory Capital Management Inc. decreased its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,929,575 shares of the company's stock after selling 21,971 shares during the quarter. Victory Capital Management Inc. owned 2.28% of Hayward worth $68,620,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HAYW. KBC Group NV grew its position in Hayward by 51.1% during the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after purchasing an additional 3,241 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Hayward by 2.4% in the first quarter. Principal Financial Group Inc. now owns 706,002 shares of the company's stock worth $9,828,000 after buying an additional 16,522 shares during the last quarter. Deutsche Bank AG grew its holdings in Hayward by 767.8% during the fourth quarter. Deutsche Bank AG now owns 89,346 shares of the company's stock worth $1,366,000 after acquiring an additional 79,050 shares during the period. Jane Street Group LLC acquired a new stake in Hayward during the fourth quarter worth about $538,000. Finally, MSD Partners L.P. raised its position in Hayward by 3.1% during the fourth 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 in the last quarter.

Wall Street Analyst Weigh In

Separately, Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.13.

Hayward Price Performance

Shares of Hayward stock traded down $0.05 during trading hours on Friday, reaching $14.66. The stock had a trading volume of 1,573,823 shares, compared to its average volume of 1,853,827. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.17 billion, a PE ratio of 21.32, a PEG ratio of 3.03 and a beta of 1.12. The stock's 50 day moving average is $14.12 and its 200 day moving average is $14.02.

Hayward (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Hayward had a return on equity of 10.94% and a net margin of 11.53%. The company had revenue of $228.84 million during the quarter, compared to analysts' expectations of $216.37 million. During the same quarter in the prior year, the firm posted $0.08 EPS. Hayward's quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $14.20, for a total transaction of $860,108.20. Following the completion of the transaction, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $8,854,268. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.06% of the company's stock.

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.