Yousif Capital Management LLC Has $732,000 Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Yousif Capital Management LLC trimmed its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,621 shares of the company’s stock after selling 1,063 shares during the period. Yousif Capital Management LLC’s holdings in Hayward were worth $732,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HAYW. Kovitz Investment Group Partners LLC increased its holdings in Hayward by 385.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company’s stock worth $128,942,000 after purchasing an additional 6,696,170 shares in the last quarter. Michael & Susan Dell Foundation boosted its position in shares of Hayward by 247.6% during the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company’s stock worth $137,373,000 after buying an additional 6,400,000 shares during the period. BBR Partners LLC bought a new position in shares of Hayward during the fourth quarter worth about $67,399,000. Fiduciary Management Inc. WI bought a new position in shares of Hayward during the fourth quarter worth about $62,949,000. Finally, Vanguard Group Inc. raised its position in Hayward by 22.8% in the 4th quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company’s stock valued at $295,174,000 after buying an additional 3,589,352 shares during the last quarter.

Hayward Price Performance

Shares of NYSE HAYW opened at $13.50 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.63 and a quick ratio of 1.84. The business has a 50-day moving average of $13.58 and a 200-day moving average of $14.24. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.78 and a beta of 1.14. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $228.84 million during the quarter, compared to analysts’ expectations of $216.37 million. Hayward had a return on equity of 10.94% and a net margin of 11.53%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. As a group, sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HAYW shares. Wolfe Research downgraded Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Robert W. Baird boosted their price objective on shares of Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.13.

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00. Following the completion of the transaction, the chief executive officer now owns 623,540 shares in the company, valued at approximately $8,766,972.40. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.06% of the stock is currently owned by insiders.

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.