Strs Ohio Sells 18,250 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Strs Ohio reduced its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 16.4% in the fourth quarter, HoldingsChannel reports. The firm owned 92,806 shares of the company’s stock after selling 18,250 shares during the quarter. Strs Ohio’s holdings in Hayward were worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new position in shares of Hayward during the 3rd quarter valued at about $35,298,000. Vanguard Group Inc. lifted its position in shares of Hayward by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,536,985 shares of the company’s stock valued at $190,871,000 after buying an additional 1,871,680 shares in the last quarter. FMR LLC lifted its position in shares of Hayward by 5.8% during the 3rd quarter. FMR LLC now owns 26,660,475 shares of the company’s stock valued at $375,913,000 after buying an additional 1,459,093 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Hayward during the 3rd quarter valued at about $10,016,000. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Hayward by 70.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,497,810 shares of the company’s stock valued at $21,119,000 after buying an additional 618,282 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Hayward Stock Up 1.7 %

Shares of HAYW opened at $13.43 on Tuesday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 37.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.02 and a quick ratio of 2.13. The business’s 50 day simple moving average is $14.03 and its 200-day simple moving average is $12.97. Hayward Holdings, Inc. has a 1 year low of $9.80 and a 1 year high of $16.04.

Hayward (NYSE:HAYW) last released its earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $278.50 million for the quarter, compared to the consensus estimate of $271.47 million. Hayward had a return on equity of 9.55% and a net margin of 8.13%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. As a group, equities analysts expect that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In other Hayward news, CEO Kevin Holleran sold 61,429 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $15.14, for a total value of $930,035.06. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,915,176.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

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.