Trexquant Investment LP Buys New Position in Hayward Holdings, Inc. (NYSE:HAYW)

Trexquant Investment LP purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 117,479 shares of the company’s stock, valued at approximately $1,796,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Hayward by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,239,573 shares of the company’s stock valued at $34,255,000 after buying an additional 6,800 shares during the period. Wellington Management Group LLP raised its position in shares of Hayward by 4.4% in the 4th quarter. Wellington Management Group LLP now owns 1,388,287 shares of the company’s stock worth $21,227,000 after acquiring an additional 59,017 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Hayward by 525.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company’s stock worth $50,393,000 after acquiring an additional 2,769,273 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Hayward by 50.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 24,556 shares of the company’s stock valued at $375,000 after purchasing an additional 8,195 shares during the period. Finally, Norges Bank bought a new stake in shares of Hayward during the 4th quarter valued at about $6,538,000.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the completion of the sale, the chief executive officer now owns 623,540 shares in the company, valued at $7,806,720.80. This represents a 7.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.25% of the company’s stock.

Hayward Stock Performance

NYSE HAYW opened at $11.29 on Wednesday. The company has a market cap of $2.44 billion, a P/E ratio of 26.87, a PEG ratio of 1.87 and a beta of 1.14. The company has a fifty day simple moving average of $14.08 and a 200 day simple moving average of $14.97. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87.

Hayward (NYSE:HAYW) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The firm had revenue of $327.08 million during the quarter, compared to analysts’ expectations of $302.76 million. Sell-side analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HAYW. KeyCorp reissued a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Stifel Nicolaus upgraded shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price on the stock in a research report on Wednesday, February 5th. Wolfe Research cut shares of Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Finally, Robert W. Baird upped their price objective on shares of Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.13.

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.