Hayward Holdings, Inc. (NYSE:HAYW) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,857 shares of the company’s stock after buying an additional 5,346 shares during the period. Illinois Municipal Retirement Fund’s holdings in Hayward were worth $1,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HAYW. Blue Trust Inc. raised its position in shares of Hayward by 2,710.1% in the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock valued at $34,000 after buying an additional 2,141 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Hayward in the third quarter valued at about $43,000. True Wealth Design LLC acquired a new stake in shares of Hayward in the third quarter valued at about $44,000. Harbor Investment Advisory LLC raised its position in shares of Hayward by 98.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $78,000 after buying an additional 2,524 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Hayward by 56.2% in the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after buying an additional 2,283 shares during the last quarter.

Hayward Price Performance

Hayward stock opened at $14.47 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The stock has a market cap of $3.12 billion, a P/E ratio of 34.46, a PEG ratio of 1.87 and a beta of 1.16. The company has a 50-day moving average price of $14.79 and a 200 day moving average price of $15.09. Hayward Holdings, Inc. has a 12-month low of $11.96 and a 12-month high of $16.87.

Hayward (NYSE:HAYW) last announced its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $327.08 million during the quarter, compared to analyst estimates of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. Sell-side analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. KeyCorp restated a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Stifel Nicolaus upgraded shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird raised 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.

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.