Cerity Partners LLC Acquires 869 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Cerity Partners LLC increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 0.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 99,195 shares of the company’s stock after acquiring an additional 869 shares during the period. Cerity Partners LLC’s holdings in Hayward were worth $1,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAYW. Swiss National Bank increased its holdings in Hayward by 0.9% during the 4th quarter. Swiss National Bank now owns 296,100 shares of the company’s stock worth $4,527,000 after purchasing an additional 2,500 shares during the period. Natixis Advisors LLC increased its holdings in shares of Hayward by 45.1% in the 4th quarter. Natixis Advisors LLC now owns 21,770 shares of the company’s stock valued at $333,000 after acquiring an additional 6,762 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Hayward by 6.9% in the 4th quarter. Corient Private Wealth LLC now owns 12,228 shares of the company’s stock valued at $187,000 after acquiring an additional 787 shares during the period. Xponance Inc. increased its holdings in shares of Hayward by 11.2% in the 4th quarter. Xponance Inc. now owns 13,151 shares of the company’s stock valued at $201,000 after acquiring an additional 1,325 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Hayward in the 4th quarter valued at $227,000.

Hayward Stock Performance

Shares of HAYW stock opened at $14.38 on Tuesday. The stock’s 50-day moving average is $14.13 and its two-hundred day moving average is $14.00. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.02 and a beta of 1.12. 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 0.66, a quick ratio of 1.84 and a current ratio of 2.63.

Hayward (NYSE:HAYW) last released its quarterly earnings results 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. Hayward had a return on equity of 10.94% and a net margin of 11.53%. The firm had revenue of $228.84 million for the quarter, compared to analyst estimates of $216.37 million. During the same quarter last year, the company posted $0.08 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. Analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Hayward

In other news, CEO Kevin Holleran sold 60,571 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $14.20, for a total value of $860,108.20. Following the completion of the transaction, the chief executive officer owned 623,540 shares in the company, valued at $8,854,268. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Wolfe Research downgraded Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.