Everence Capital Management Inc. Purchases Shares of 12,720 Hayward Holdings, Inc. (NYSE:HAYW)

Everence Capital Management Inc. purchased a new stake in Hayward Holdings, Inc. (NYSE:HAYW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,720 shares of the company’s stock, valued at approximately $173,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board acquired a new stake in shares of Hayward in the 3rd quarter valued at about $2,202,000. WCM Investment Management LLC raised its stake in shares of Hayward by 11.2% in the 4th quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock valued at $29,179,000 after purchasing an additional 214,991 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Hayward in the 3rd quarter valued at about $1,177,000. Barclays PLC raised its stake in shares of Hayward by 61.6% in the 3rd quarter. Barclays PLC now owns 128,810 shares of the company’s stock valued at $1,817,000 after purchasing an additional 49,110 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Hayward by 216.9% in the 3rd quarter. Rhumbline Advisers now owns 335,927 shares of the company’s stock valued at $4,737,000 after purchasing an additional 229,926 shares during the period.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total transaction of $571,712.38. Following the completion of the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $6,974,138.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on HAYW. TheStreet raised Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Stifel Nicolaus raised their price objective on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a report on Tuesday, March 5th. Jefferies Financial Group cut Hayward from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $14.00 in a report on Thursday, January 11th. Finally, The Goldman Sachs Group raised their price objective on Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Hayward currently has a consensus rating of “Hold” and an average target price of $14.70.

Hayward Trading Up 0.3 %

Hayward stock opened at $13.21 on Friday. Hayward Holdings, Inc. has a 52 week low of $9.80 and a 52 week high of $16.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.13 and a current ratio of 3.02. The stock has a market capitalization of $2.84 billion, a P/E ratio of 36.70 and a beta of 1.22. The stock has a 50-day simple moving average of $14.03 and a 200 day simple moving average of $12.97.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Hayward had a return on equity of 9.55% and a net margin of 8.13%. The business had revenue of $278.50 million during the quarter, compared to analysts’ expectations of $271.47 million. During the same quarter last year, the company posted $0.10 earnings per share. Hayward’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that Hayward Holdings, Inc. will post 0.57 earnings per share for the current year.

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.