Public Employees Retirement Association of Colorado Cuts Position in Hayward Holdings, Inc. (NYSE:HAYW)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 848,637 shares of the company’s stock after selling 4,630 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.39% of Hayward worth $12,993,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Hayward by 178.5% in the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock worth $41,000 after purchasing an additional 1,714 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Hayward during the fourth quarter valued at approximately $37,000. Moody National Bank Trust Division bought a new stake in shares of Hayward during the first quarter valued at approximately $164,000. Oak Thistle LLC bought a new position in Hayward in the 1st quarter valued at approximately $181,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Hayward in the 4th quarter worth $173,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their price objective on Hayward from $14.50 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. KeyCorp dropped their price target on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, The Goldman Sachs Group decreased their price objective on shares of Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.20.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $13.96, for a total transaction of $598,283.72. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,298,274.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Susan M. Canning sold 5,028 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $14.00, for a total value of $70,392.00. Following the completion of the sale, the senior vice president now directly owns 67,904 shares of the company’s stock, valued at approximately $950,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $13.96, for a total transaction of $598,283.72. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $7,298,274.04. The disclosure for this sale can be found here. Insiders sold 133,599 shares of company stock worth $1,803,958 in the last three months. Corporate insiders own 3.25% of the company’s stock.

Hayward Trading Up 0.3 %

Shares of NYSE:HAYW opened at $13.50 on Tuesday. The stock’s 50-day simple moving average is $13.21 and its two-hundred day simple moving average is $13.55. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 2.26 and a beta of 1.21. Hayward Holdings, Inc. has a 52-week low of $9.80 and a 52-week high of $16.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.34 and a current ratio of 3.37.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Hayward had a net margin of 8.25% and a return on equity of 9.46%. The company had revenue of $212.57 million for the quarter, compared to the consensus estimate of $207.33 million. Analysts expect that Hayward Holdings, Inc. will post 0.57 EPS for the current year.

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.