Hayward Holdings, Inc. (NYSE:HAYW) Position Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 99.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,535 shares of the company’s stock after buying an additional 14,702 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hayward were worth $411,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. KBC Group NV grew its position in Hayward by 51.1% during the first quarter. KBC Group NV now owns 9,584 shares of the company’s stock worth $133,000 after buying an additional 3,241 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Hayward by 2.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 59,018 shares of the company’s stock valued at $822,000 after purchasing an additional 1,617 shares in the last quarter. Riverwater Partners LLC acquired a new position in shares of Hayward in the 1st quarter worth approximately $192,000. Pallas Capital Advisors LLC boosted its holdings in shares of Hayward by 37.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 45,131 shares of the company’s stock worth $628,000 after acquiring an additional 12,196 shares in the last quarter. Finally, Wedmont Private Capital acquired a new position in shares of Hayward in the 1st quarter worth approximately $142,000.

Analysts Set New Price Targets

Separately, Wolfe Research downgraded Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Hayward has an average rating of “Hold” and an average price target of $17.13.

Hayward Price Performance

Shares of NYSE HAYW opened at $14.72 on Friday. The firm has a market cap of $3.18 billion, a PE ratio of 26.77, a PEG ratio of 2.97 and a beta of 1.12. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.66. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The company has a fifty day moving average price of $14.12 and a 200 day moving average price of $14.02.

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

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the firm’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $14.20, for a total value of $860,108.20. Following the completion of the sale, the chief executive officer directly owned 623,540 shares in the company, valued at approximately $8,854,268. This trade represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.06% of the company’s stock.

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.