Quantbot Technologies LP Lowers Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Quantbot Technologies LP cut its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,956 shares of the company’s stock after selling 1,594 shares during the quarter. Quantbot Technologies LP’s holdings in Hayward were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HAYW. MSD Capital L P bought a new position in Hayward in the third quarter worth approximately $418,901,000. BBR Partners LLC bought a new position in shares of Hayward during the 4th quarter worth $67,399,000. Michael & Susan Dell Foundation purchased a new position in shares of Hayward during the third quarter valued at $39,646,000. Wellington Management Group LLP bought a new stake in shares of Hayward in the third quarter valued at about $20,391,000. Finally, Weiss Asset Management LP lifted its stake in Hayward by 515.0% in the third quarter. Weiss Asset Management LP now owns 1,286,267 shares of the company’s stock worth $19,731,000 after acquiring an additional 1,077,117 shares during the period.

Analysts Set New Price Targets

A number of research analysts have commented on HAYW shares. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price on the stock in a research report on Wednesday, February 5th. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Finally, Robert W. Baird upped their target price on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 28th.

Hayward Stock Down 1.0 %

NYSE:HAYW opened at $14.26 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62. The stock has a market capitalization of $3.08 billion, a P/E ratio of 33.95, a P/E/G ratio of 1.87 and a beta of 1.16. The company’s 50-day simple moving average is $14.54 and its 200-day simple moving average is $15.06. Hayward Holdings, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $16.87.

Hayward (NYSE:HAYW) last announced its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The company had revenue of $327.08 million during the quarter, compared to the consensus estimate of $302.76 million. On average, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total value of $726,000.00. Following the completion of the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. This trade represents a 8.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.25% of the stock is owned by company insiders.

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.