State of Tennessee Department of Treasury Buys 29,548 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

State of Tennessee Department of Treasury increased its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 90.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 62,315 shares of the company's stock after buying an additional 29,548 shares during the period. State of Tennessee Department of Treasury's holdings in Hayward were worth $953,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HAYW. Tower Research Capital LLC TRC boosted its stake in shares of Hayward by 454.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 24,759 shares of the company's stock worth $379,000 after acquiring an additional 20,296 shares during the period. Trigran Investments Inc. lifted its holdings in Hayward by 75.8% in the 4th quarter. Trigran Investments Inc. now owns 2,400,037 shares of the company's stock worth $36,697,000 after purchasing an additional 1,034,610 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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. Fiduciary Management Inc. WI purchased a new stake in Hayward during the 4th quarter valued at approximately $62,949,000. Finally, Cramer Rosenthal Mcglynn LLC raised its position in shares of Hayward by 9.4% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 2,077,392 shares of the company's stock valued at $31,763,000 after buying an additional 177,903 shares during the last quarter.

Insiders Place Their Bets

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the completion of the transaction, the chief executive officer now owns 623,540 shares in the company, valued at $7,806,720.80. The trade was a 7.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.06% of the stock is owned by insiders.

Hayward Price Performance

Shares of NYSE HAYW traded up $0.01 during mid-day trading on Monday, hitting $14.05. 1,353,939 shares of the company's stock traded hands, compared to its average volume of 1,746,721. The company has a market capitalization of $3.04 billion, a P/E ratio of 33.45, a PEG ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The company's 50-day moving average is $13.37 and its two-hundred day moving average is $14.66.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $228.84 million during the quarter, compared to analyst estimates of $216.37 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HAYW. Robert W. Baird raised their target price on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a research note on Wednesday, February 5th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research note on Monday, January 6th. Four equities research 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 has an average rating of "Hold" and a consensus price target of $17.13.

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.