63,100 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 63,100 shares of the company’s stock, valued at approximately $858,000.

A number of other large investors have also bought and sold shares of HAYW. SG Americas Securities LLC acquired a new position in Hayward during the 3rd quarter worth $634,000. State of Alaska Department of Revenue acquired a new position in Hayward during the 3rd quarter worth $1,110,000. Exchange Traded Concepts LLC acquired a new position in Hayward during the 3rd quarter worth $1,541,000. Oak Thistle LLC acquired a new position in Hayward during the 3rd quarter worth $781,000. Finally, Maryland State Retirement & Pension System acquired a new position in Hayward during the 3rd quarter worth $783,000.

Insider Activity

In other news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total value of $571,712.38. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at approximately $6,974,138.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on HAYW shares. TheStreet raised Hayward from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. The Goldman Sachs Group increased their price target on Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Stifel Nicolaus increased their price target on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group downgraded Hayward from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $14.00 in a research note on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.70.

Hayward Price Performance

HAYW stock opened at $13.77 on Friday. The stock has a 50-day moving average price of $14.07 and a two-hundred day moving average price of $12.99. The stock has a market cap of $2.96 billion, a PE ratio of 38.25 and a beta of 1.22. 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 Holdings, Inc. has a 1 year low of $9.80 and a 1 year high of $16.04.

Hayward (NYSE:HAYW) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $278.50 million during the quarter, compared to analysts’ expectations of $271.47 million. Hayward had a return on equity of 9.55% and a net margin of 8.13%. Hayward’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. Equities analysts forecast that Hayward Holdings, Inc. will post 0.57 EPS for the current fiscal year.

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.