Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 3.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 52,925 shares of the company’s stock after selling 1,626 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Hayward were worth $651,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Hayward during the second quarter valued at approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hayward by 2.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,642 shares of the company’s stock worth $352,000 after acquiring an additional 784 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Hayward by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 860,293 shares of the company’s stock worth $10,582,000 after purchasing an additional 11,013 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Hayward by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the company’s stock valued at $785,000 after purchasing an additional 1,400 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Hayward by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 48,720 shares of the company’s stock valued at $599,000 after purchasing an additional 5,651 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Hayward from $15.00 to $15.50 and gave the company a “hold” rating in a research report on Friday. KeyCorp lowered their price objective on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. The Goldman Sachs Group cut their target price on Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, Robert W. Baird lifted their price target on Hayward from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Hayward has an average rating of “Hold” and a consensus price target of $15.50.

Hayward Stock Up 1.1 %

NYSE HAYW opened at $14.84 on Tuesday. Hayward Holdings, Inc. has a 12 month low of $9.80 and a 12 month high of $16.04. The company has a market capitalization of $3.19 billion, a P/E ratio of 41.22, a PEG ratio of 2.44 and a beta of 1.21. The company’s 50 day simple moving average is $13.49 and its 200 day simple moving average is $13.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68.

Hayward (NYSE:HAYW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The company had revenue of $284.39 million for the quarter, compared to analysts’ expectations of $282.60 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Equities research analysts expect that Hayward Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Kevin Holleran sold 42,857 shares of Hayward stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $13.96, for a total value of $598,283.72. Following the transaction, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,298,274.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $13.96, for a total value of $598,283.72. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,298,274.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Susan M. Canning sold 5,028 shares of Hayward stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the transaction, the senior vice president now directly owns 67,904 shares in the company, valued at $950,656. The disclosure for this sale can be found here. Insiders sold a total of 133,599 shares of company stock valued at $1,772,672 over the last three months. Insiders own 3.25% of the company’s stock.

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.