Numerai GP LLC Lowers Position in Hayward Holdings, Inc. (NYSE:HAYW)

Numerai GP LLC reduced its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 46.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,135 shares of the company’s stock after selling 22,361 shares during the period. Numerai GP LLC’s holdings in Hayward were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in 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 purchasing an additional 671 shares during the period. Harbor Investment Advisory LLC grew its holdings in Hayward by 98.0% during 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 raised its position in Hayward by 56.2% in the fourth 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 lifted its holdings in Hayward by 61.9% in the fourth quarter. Sterling Capital Management LLC now owns 8,546 shares of the company’s stock valued at $131,000 after acquiring an additional 3,268 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Hayward by 25.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock worth $156,000 after purchasing an additional 2,062 shares in the last quarter.

Hayward Price Performance

Hayward stock opened at $14.34 on Friday. The firm has a market capitalization of $3.10 billion, a PE ratio of 34.14, a P/E/G ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $16.87. The firm’s 50-day simple moving average is $13.30 and its 200 day simple moving average is $14.61. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70.

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 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 previous year, the business posted $0.08 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00. Following the sale, the chief executive officer now owns 623,540 shares in the company, valued at approximately $8,766,972.40. This represents a 7.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price target on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Wolfe Research cut shares of Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus upgraded 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.13.

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.