Graham Capital Management L.P. Increases Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Graham Capital Management L.P. lifted its position in Hayward Holdings, Inc. (NYSE:HAYW) by 112.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 197,860 shares of the company’s stock after buying an additional 104,548 shares during the period. Graham Capital Management L.P. owned about 0.09% of Hayward worth $3,025,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in Hayward during the 3rd quarter valued at $216,000. Principal Financial Group Inc. lifted its holdings in shares of Hayward by 7.2% during the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock valued at $10,253,000 after purchasing an additional 44,978 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Hayward by 146.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 32,935 shares of the company’s stock valued at $504,000 after buying an additional 19,590 shares during the last quarter. Oak Thistle LLC bought a new stake in Hayward in the 4th quarter worth about $162,000. Finally, Sendero Wealth Management LLC purchased a new position in Hayward in the 4th quarter worth about $319,000.

Hayward Trading Up 1.0 %

Shares of HAYW stock opened at $14.19 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The firm has a fifty day moving average price of $13.31 and a 200-day moving average price of $14.61.

Hayward (NYSE:HAYW) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business 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 business posted $0.08 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on HAYW. Wolfe Research downgraded shares of Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Stifel Nicolaus upgraded 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 target price on Hayward from $17.00 to $18.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat.com, Hayward currently has an average rating of “Hold” and an average target price of $17.13.

Insider Buying and Selling at Hayward

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

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.