Teachers Retirement System of The State of Kentucky Lowers Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Teachers Retirement System of The State of Kentucky lessened its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 93.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,400 shares of the company’s stock after selling 535,003 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hayward were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Blue Trust Inc. raised its position in Hayward by 30.2% in the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the last quarter. Harbor Investment Advisory LLC raised its position in 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 raised its position in Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company’s stock worth $97,000 after buying an additional 2,283 shares during the last quarter. Sterling Capital Management LLC raised its position in Hayward by 61.9% in the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company’s stock worth $131,000 after buying an additional 3,268 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Hayward by 25.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock worth $156,000 after buying an additional 2,062 shares during the last quarter.

Analyst Upgrades and Downgrades

HAYW has been the subject of a number of recent analyst reports. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective on the stock in a report on Wednesday, February 5th. Robert W. Baird upped their target price on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Finally, Wolfe Research downgraded shares of Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Hayward has a consensus rating of “Hold” and a consensus target price of $17.13.

Insider Buying and Selling

In related news, CEO Kevin Holleran sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. Following the completion of the transaction, the chief executive officer now directly owns 623,540 shares of the company’s stock, valued at approximately $7,806,720.80. This trade represents a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.06% of the stock is owned by insiders.

Hayward Trading Up 1.9 %

Shares of Hayward stock opened at $13.14 on Tuesday. The company’s fifty day simple moving average is $13.42 and its 200-day simple moving average is $14.70. The stock has a market capitalization of $2.84 billion, a PE ratio of 31.29, a P/E/G ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

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

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.