Trexquant Investment LP bought a new stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 117,479 shares of the company's stock, valued at approximately $1,796,000. Trexquant Investment LP owned approximately 0.05% of Hayward as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock valued at $44,000 after acquiring an additional 671 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Hayward by 98.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company's stock worth $78,000 after buying an additional 2,524 shares during the last quarter. KBC Group NV boosted its holdings in shares of Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company's stock valued at $97,000 after buying an additional 2,283 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company's stock valued at $156,000 after buying an additional 2,062 shares during the period. Finally, Oak Thistle LLC bought a new stake in shares of Hayward during the 4th quarter valued at about $162,000.
Analyst Upgrades and Downgrades
A number of brokerages have commented on HAYW. Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price for the company in a research note on Wednesday, February 5th. Robert W. Baird upped their price objective on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Finally, Wolfe Research downgraded shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Hayward has an average rating of "Hold" and an average target price of $17.13.
Read Our Latest Analysis on Hayward
Insiders Place Their Bets
In other news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the transaction, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $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 can be accessed through this link. 3.25% of the stock is owned by insiders.
Hayward Stock Performance
HAYW traded up $0.14 during trading hours on Monday, hitting $12.18. The company's stock had a trading volume of 208,955 shares, compared to its average volume of 1,711,147. The company has a 50-day simple moving average of $13.88 and a 200 day simple moving average of $14.90. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $2.63 billion, a PE ratio of 28.99, a PEG ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87.
Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The company had revenue of $327.08 million for the quarter, compared to analyst estimates of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. As a group, sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.
About Hayward
(
Free Report)
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.
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