Moody National Bank Trust Division Buys Shares of 10,700 Hayward Holdings, Inc. (NYSE:HAYW)

Moody National Bank Trust Division bought a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,700 shares of the company’s stock, valued at approximately $164,000.

Several other large investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC acquired a new position in shares of Hayward in the third quarter worth $312,000. Texas Permanent School Fund Corp acquired a new position in shares of Hayward in the third quarter worth $793,000. Rhumbline Advisers increased its stake in shares of Hayward by 216.9% in the third quarter. Rhumbline Advisers now owns 335,927 shares of the company’s stock worth $4,737,000 after acquiring an additional 229,926 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Hayward by 46.8% in the third quarter. Envestnet Asset Management Inc. now owns 309,292 shares of the company’s stock worth $4,361,000 after acquiring an additional 98,654 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Hayward by 5.8% in the third quarter. FMR LLC now owns 26,660,475 shares of the company’s stock worth $375,913,000 after acquiring an additional 1,459,093 shares during the last quarter.

Hayward Trading Up 1.5 %

Shares of NYSE:HAYW opened at $13.34 on Thursday. The stock has a market capitalization of $2.87 billion, a PE ratio of 37.06, a P/E/G ratio of 1.81 and a beta of 1.26. Hayward Holdings, Inc. has a 1 year low of $9.80 and a 1 year high of $16.04. The firm has a fifty day moving average price of $13.98 and a 200 day moving average price of $13.62. The company has a current ratio of 3.37, a quick ratio of 2.34 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $212.57 million during the quarter, compared to analysts’ expectations of $207.33 million. Hayward had a net margin of 8.25% and a return on equity of 9.46%. Analysts expect that Hayward Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $13.34, for a total transaction of $571,712.38. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares in the company, valued at $6,974,138.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 190,000 shares of company stock worth $2,715,458. Corporate insiders own 3.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HAYW. Stifel Nicolaus upped their price target on shares of Hayward from $13.50 to $14.50 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. The Goldman Sachs Group upped their price target on shares of Hayward from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Four equities research 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 an average rating of “Hold” and a consensus target price of $14.70.

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.