Teachers Retirement System of The State of Kentucky Has $618,000 Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Teachers Retirement System of The State of Kentucky lessened its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 93.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,400 shares of the company's stock after selling 535,003 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Hayward were worth $618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Hayward by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 668,396 shares of the company's stock worth $10,253,000 after acquiring an additional 44,978 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Hayward by 53.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company's stock worth $878,000 after purchasing an additional 19,983 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Hayward during the 4th quarter worth about $287,000. SG Americas Securities LLC boosted its holdings in shares of Hayward by 151.9% during the 4th quarter. SG Americas Securities LLC now owns 69,965 shares of the company's stock worth $1,070,000 after buying an additional 42,195 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in Hayward in the 4th quarter valued at about $665,000.

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total value of $626,000.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.06% of the company's stock.

Hayward Price Performance

Shares of HAYW traded up $0.02 during trading hours on Friday, hitting $14.04. 2,345,441 shares of the company were exchanged, compared to its average volume of 1,748,298. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 1.87 and a beta of 1.14. The firm's fifty day moving average is $13.37 and its 200 day moving average is $14.66.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $228.84 million for 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 business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HAYW. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price on the stock in a research report on Wednesday, February 5th. Robert W. Baird boosted their target price 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. Wolfe Research lowered shares of Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Hayward in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Hayward presently has an average rating of "Hold" and a consensus target price 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.