Strs Ohio Sells 101,388 Shares of Hayward Holdings, Inc. $HAYW

Strs Ohio reduced its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 95.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,745 shares of the company’s stock after selling 101,388 shares during the period. Strs Ohio’s holdings in Hayward were worth $72,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in Hayward by 10,452.9% during the third quarter. Covestor Ltd now owns 1,794 shares of the company’s stock valued at $27,000 after purchasing an additional 1,777 shares in the last quarter. Steph & Co. bought a new position in shares of Hayward during the 3rd quarter worth approximately $41,000. EverSource Wealth Advisors LLC boosted its stake in Hayward by 149.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock valued at $65,000 after buying an additional 2,814 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Hayward by 19.3% in the third quarter. Harbor Investment Advisory LLC now owns 7,842 shares of the company’s stock valued at $119,000 after acquiring an additional 1,271 shares during the period. Finally, Brighton Jones LLC acquired a new position in Hayward during the second quarter worth $146,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HAYW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hayward in a report on Monday, December 29th. Zacks Research cut shares of Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Hayward currently has an average rating of “Hold” and a consensus price target of $18.00.

Hayward Stock Up 4.8%

Shares of NYSE:HAYW opened at $16.23 on Thursday. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $17.73. The company’s 50-day moving average price is $16.14 and its two-hundred day moving average price is $15.79. The company has a quick ratio of 2.31, a current ratio of 3.18 and a debt-to-equity ratio of 0.62. The firm has a market cap of $3.52 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.45 and a beta of 1.13.

Insider Activity

In other news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $16.13, for a total transaction of $977,010.23. Following the sale, the chief executive officer directly owned 623,540 shares of the company’s stock, valued at $10,057,700.20. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 165,350 shares of company stock worth $2,655,570 in the last quarter. 5.06% of the stock is currently owned by corporate insiders.

Hayward Company Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.