Edgestream Partners L.P. Takes $1.20 Million Position in Hayward Holdings, Inc. (NYSE:HAYW)

Edgestream Partners L.P. purchased a new stake in Hayward Holdings, Inc. (NYSE:HAYW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,036 shares of the company’s stock, valued at approximately $1,195,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Hayward by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,536,985 shares of the company’s stock valued at $190,871,000 after purchasing an additional 1,871,680 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Hayward by 8.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,072 shares of the company’s stock valued at $762,000 after purchasing an additional 4,106 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Hayward by 5.6% during the 4th quarter. SG Americas Securities LLC now owns 47,464 shares of the company’s stock valued at $646,000 after purchasing an additional 2,510 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Hayward during the 4th quarter valued at about $37,000. Finally, New York State Teachers Retirement System boosted its position in shares of Hayward by 40.4% during the 4th quarter. New York State Teachers Retirement System now owns 44,356 shares of the company’s stock valued at $603,000 after purchasing an additional 12,767 shares in the last quarter.

Hayward Stock Up 2.0 %

NYSE:HAYW traded up $0.25 on Tuesday, hitting $12.67. The stock had a trading volume of 149,880 shares, compared to its average volume of 1,295,094. The company has a market cap of $2.72 billion, a PE ratio of 34.50, a P/E/G ratio of 1.64 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 business’s fifty day moving average is $13.40 and its 200 day moving average is $13.54. The company has a quick ratio of 2.34, a current ratio of 3.37 and a debt-to-equity ratio of 0.82.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on HAYW. The Goldman Sachs Group cut their target price on Hayward from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Stifel Nicolaus cut their price target on Hayward from $14.50 to $14.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Finally, KeyCorp cut their price target on Hayward from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.20.

Insider Transactions at Hayward

In other news, SVP Susan M. Canning sold 5,028 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 67,904 shares of the company’s stock, valued at $950,656. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $14.36, for a total transaction of $615,426.52. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,507,393.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, 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. Insiders sold a total of 133,599 shares of company stock valued at $1,803,958 over the last ninety days. 3.25% of the stock is currently owned by insiders.

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.