Shay Capital LLC Invests $1.69 Million in Hayward Holdings, Inc. (NYSE:HAYW)

Shay Capital LLC purchased a new position in Hayward Holdings, Inc. (NYSE:HAYW) during the fourth quarter, HoldingsChannel reports. The firm purchased 110,491 shares of the company’s stock, valued at approximately $1,689,000.

A number of other hedge funds have also recently made changes to their positions in HAYW. Blue Trust Inc. grew its position in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after buying an additional 671 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in Hayward by 98.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after acquiring an additional 2,524 shares during the period. KBC Group NV grew its holdings in Hayward by 56.2% during the 4th quarter. KBC Group NV now owns 6,343 shares of the company’s stock worth $97,000 after acquiring an additional 2,283 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Hayward by 61.9% during the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company’s stock worth $131,000 after acquiring an additional 3,268 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Hayward by 25.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock valued at $156,000 after purchasing an additional 2,062 shares during the period.

Hayward Stock Performance

HAYW stock opened at $14.34 on Friday. The firm has a 50-day simple moving average of $13.30 and a two-hundred day simple moving average of $14.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.87 and a beta of 1.15.

Hayward (NYSE:HAYW) last posted its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company had revenue of $228.84 million during the quarter, compared to analysts’ expectations of $216.37 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. Hayward’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HAYW has been the subject of several research reports. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Wednesday, February 5th. 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 note on Friday, February 28th. Finally, Wolfe Research cut Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.13.

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 623,540 shares of the company’s stock, valued at $8,766,972.40. This represents a 7.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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.