New York State Teachers Retirement System Sells 12,057 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

New York State Teachers Retirement System lessened its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 27.6% during the third quarter, Holdings Channel reports. The fund owned 31,589 shares of the company’s stock after selling 12,057 shares during the period. New York State Teachers Retirement System’s holdings in Hayward were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Hayward by 2,710.1% in the third quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock valued at $34,000 after purchasing an additional 2,141 shares during the period. Innealta Capital LLC acquired a new position in Hayward in the 2nd quarter valued at about $30,000. nVerses Capital LLC bought a new position in Hayward in the 2nd quarter valued at about $64,000. Quest Partners LLC lifted its position in Hayward by 217.7% during the second quarter. Quest Partners LLC now owns 7,910 shares of the company’s stock worth $97,000 after acquiring an additional 5,420 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Hayward during the third quarter worth approximately $202,000.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.29, for a total transaction of $612,426.53. Following the completion of the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $7,470,797.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.25% of the stock is owned by company insiders.

Hayward Trading Down 1.0 %

Shares of Hayward stock opened at $16.05 on Monday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.29 and a beta of 1.19. The firm’s 50-day moving average price is $14.97 and its two-hundred day moving average price is $14.16. Hayward Holdings, Inc. has a 12-month low of $10.56 and a 12-month high of $16.87.

Hayward (NYSE:HAYW) last posted its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $227.57 million during the quarter, compared to analysts’ expectations of $222.88 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, analysts forecast that Hayward Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

HAYW has been the subject of several research reports. KeyCorp lifted their price target on Hayward from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of Hayward from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their price objective on shares of Hayward from $15.50 to $16.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Robert W. Baird lifted their price target on shares of Hayward from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Hayward currently has a consensus rating of “Hold” and a consensus price target of $16.80.

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.