State of Wyoming Reduces Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

State of Wyoming cut its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 37.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,084 shares of the company’s stock after selling 8,454 shares during the quarter. State of Wyoming’s holdings in Hayward were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of HAYW. Oppenheimer Asset Management Inc. raised its position in Hayward by 53.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company’s stock valued at $878,000 after purchasing an additional 19,983 shares during the last quarter. Merit Financial Group LLC bought a new position in Hayward during the 4th quarter valued at approximately $287,000. MSD Partners L.P. raised its position in Hayward by 3.1% during the 4th quarter. MSD Partners L.P. now owns 1,346,472 shares of the company’s stock valued at $20,588,000 after purchasing an additional 41,078 shares during the last quarter. Principal Financial Group Inc. raised its position in Hayward by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 689,480 shares of the company’s stock valued at $10,542,000 after purchasing an additional 21,084 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Hayward by 151.9% during the 4th quarter. SG Americas Securities LLC now owns 69,965 shares of the company’s stock valued at $1,070,000 after purchasing an additional 42,195 shares during the last quarter.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the completion of the transaction, the chief executive officer now owns 623,540 shares of the company’s stock, valued at $7,806,720.80. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.06% of the company’s stock.

Hayward Stock Down 0.9%

Shares of NYSE:HAYW opened at $13.62 on Friday. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. The firm has a market capitalization of $2.94 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.87 and a beta of 1.15. The stock has a 50 day moving average price of $13.30 and a 200-day moving average price of $14.51. 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 (NYSE:HAYW) last announced its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $228.84 million during the quarter, compared to analyst estimates of $216.37 million. During the same quarter in the prior year, the company earned $0.08 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wolfe Research lowered Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Stifel Nicolaus raised 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. Finally, Robert W. Baird upped their price target on Hayward from $17.00 to $18.00 and gave the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.13.

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.