Quantedge Capital Pte Ltd Takes Position in Hayward Holdings, Inc. (NYSE:HAYW)

Quantedge Capital Pte Ltd acquired a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,700 shares of the company’s stock, valued at approximately $194,000.

A number of other institutional investors have also recently added to or reduced their stakes in HAYW. Principal Financial Group Inc. boosted its stake in Hayward by 7.2% during the third quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock worth $10,253,000 after acquiring an additional 44,978 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Hayward by 53.4% in the fourth 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 purchased a new stake in Hayward during the fourth quarter worth about $287,000. SG Americas Securities LLC increased its holdings in Hayward by 151.9% during the fourth quarter. SG Americas Securities LLC now owns 69,965 shares of the company’s stock worth $1,070,000 after buying an additional 42,195 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in Hayward during the fourth quarter worth about $665,000.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total value of $626,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at $7,806,720.80. This represents a 7.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.06% of the stock is owned by company insiders.

Hayward Stock Down 1.9%

Shares of HAYW opened at $14.48 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average of $13.31 and a 200 day moving average of $14.61. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. The company has a market cap of $3.13 billion, a PE ratio of 34.48, a P/E/G ratio of 1.87 and a beta of 1.15.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $216.37 million. During the same quarter last year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

HAYW has been the subject of a number of analyst reports. 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. Robert W. Baird boosted their price objective on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Finally, Wolfe Research downgraded shares of Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.13.

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.