Systematic Financial Management LP Cuts Stake in Hayward Holdings, Inc. (NYSE:HAYW)

Systematic Financial Management LP lessened its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,274,415 shares of the company’s stock after selling 79,870 shares during the period. Systematic Financial Management LP owned 0.59% of Hayward worth $15,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Madison Asset Management LLC raised its holdings in shares of Hayward by 12.1% during the fourth quarter. Madison Asset Management LLC now owns 216,564 shares of the company’s stock valued at $2,945,000 after acquiring an additional 23,390 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Hayward by 71.0% in the 4th quarter. Eagle Asset Management Inc. now owns 743,273 shares of the company’s stock valued at $10,109,000 after purchasing an additional 308,628 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Hayward by 8.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,042,110 shares of the company’s stock valued at $27,773,000 after purchasing an additional 166,104 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Hayward by 4,616.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 853,267 shares of the company’s stock worth $11,604,000 after purchasing an additional 835,175 shares during the last quarter. Finally, Homestead Advisers Corp grew its holdings in shares of Hayward by 13.9% during the fourth quarter. Homestead Advisers Corp now owns 386,000 shares of the company’s stock worth $5,250,000 after buying an additional 47,100 shares in the last quarter.

Hayward Stock Performance

NYSE HAYW opened at $15.26 on Friday. The stock has a market cap of $3.28 billion, a PE ratio of 42.39, a P/E/G ratio of 2.42 and a beta of 1.21. Hayward Holdings, Inc. has a twelve month low of $9.80 and a twelve month high of $16.04. The stock has a fifty day simple moving average of $14.17 and a 200-day simple moving average of $13.95. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.71.

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

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $14.29, for a total transaction of $612,426.53. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,470,797.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total value of $612,426.53. Following the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $7,470,797.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Susan M. Canning sold 5,028 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total value of $70,392.00. Following the transaction, the senior vice president now directly owns 67,904 shares of the company’s stock, valued at $950,656. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,599 shares of company stock valued at $1,786,815. Corporate insiders own 3.25% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on HAYW shares. KeyCorp dropped their price objective on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Robert W. Baird upped 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. The Goldman Sachs Group reduced their price objective on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Finally, Stifel Nicolaus upped their target price on Hayward from $15.00 to $15.50 and gave the company a “hold” rating in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Hayward currently has a consensus rating of “Hold” and an average target price of $15.50.

About Hayward

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.