PNC Financial Services Group Inc. Increases Stake in Hayward Holdings, Inc. (NYSE:HAYW)

PNC Financial Services Group Inc. lifted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 24.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,691 shares of the company’s stock after buying an additional 3,253 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Hayward were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. bought a new stake in Hayward during the fourth quarter worth about $37,000. Everence Capital Management Inc. bought a new stake in Hayward during the fourth quarter worth about $173,000. Diversified Trust Co boosted its stake in Hayward by 46.7% during the third quarter. Diversified Trust Co now owns 32,137 shares of the company’s stock worth $453,000 after acquiring an additional 10,225 shares in the last quarter. Natixis Advisors L.P. bought a new stake in Hayward during the third quarter worth about $482,000. Finally, New York State Teachers Retirement System boosted its stake in Hayward by 40.4% during the fourth quarter. New York State Teachers Retirement System now owns 44,356 shares of the company’s stock worth $603,000 after acquiring an additional 12,767 shares in the last quarter.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 42,857 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $14.36, for a total transaction of $615,426.52. Following the transaction, the chief executive officer now owns 522,799 shares in the company, valued at $7,507,393.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 128,571 shares of company stock worth $1,785,423 over the last quarter. Company insiders own 3.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HAYW shares. Stifel Nicolaus boosted their price objective 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 target price 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.70.

Hayward Trading Down 1.3 %

Shares of NYSE HAYW opened at $12.14 on Tuesday. The company has a market cap of $2.61 billion, a PE ratio of 33.71, a P/E/G ratio of 1.69 and a beta of 1.21. The firm’s 50 day moving average price is $13.83 and its 200-day moving average price is $13.62. Hayward Holdings, Inc. has a 52-week low of $9.80 and a 52-week high of $16.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.34 and a current ratio of 3.37.

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

Hayward 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.