Illinois Municipal Retirement Fund Acquires Shares of 69,062 Hayward Holdings, Inc. (NYSE:HAYW)

Illinois Municipal Retirement Fund purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 69,062 shares of the company's stock, valued at approximately $939,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in Hayward during the 4th quarter worth approximately $37,000. Numerai GP LLC purchased a new position in shares of Hayward in the 3rd quarter valued at approximately $146,000. Teacher Retirement System of Texas purchased a new position in shares of Hayward in the 3rd quarter valued at approximately $161,000. Everence Capital Management Inc. purchased a new position in shares of Hayward in the 4th quarter valued at approximately $173,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Hayward in the 3rd quarter valued at approximately $195,000.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 61,429 shares of the company's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $15.14, for a total value of $930,035.06. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,915,176.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.20% of the company's stock.

Hayward Price Performance

Shares of NYSE HAYW traded up $0.22 during trading on Monday, reaching $14.00. The company had a trading volume of 1,520,055 shares, compared to its average volume of 1,346,398. Hayward Holdings, Inc. has a twelve month low of $9.80 and a twelve month high of $16.04. The stock has a market capitalization of $3.01 billion, a PE ratio of 38.88 and a beta of 1.22. The stock has a 50-day moving average price of $14.09 and a two-hundred day moving average price of $12.99. The company has a current ratio of 3.02, a quick ratio of 2.13 and a debt-to-equity ratio of 0.82.

Hayward (NYSE:HAYW - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $278.50 million during the quarter, compared to analyst estimates of $271.47 million. Hayward had a return on equity of 9.55% and a net margin of 8.13%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. As a group, sell-side analysts predict that Hayward Holdings, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

HAYW has been the topic of a number of analyst reports. Jefferies Financial Group downgraded Hayward from a "buy" rating to a "hold" rating and decreased their price target for the company from $15.00 to $14.00 in a research note on Thursday, January 11th. TheStreet raised Hayward from a "d+" rating to a "c-" rating in a report on Monday, January 22nd. The Goldman Sachs Group lifted their price objective on Hayward from $12.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, March 4th. Finally, Stifel Nicolaus lifted their price objective on Hayward from $13.50 to $14.50 and gave the stock a "hold" rating in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.70.

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.