Truist Financial Corp Lowers Position in Hayward Holdings, Inc. (NYSE:HAYW)

Truist Financial Corp lessened its stake in Hayward Holdings, Inc. (NYSE:HAYW) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,529 shares of the company’s stock after selling 1,117 shares during the quarter. Truist Financial Corp’s holdings in Hayward were worth $253,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Hayward during the 3rd quarter worth $43,000. True Wealth Design LLC bought a new position in shares of Hayward during the third quarter valued at about $44,000. Blue Trust Inc. boosted its holdings in Hayward by 30.2% during the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Hayward by 98.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after purchasing an additional 2,524 shares in the last quarter. Finally, KBC Group NV increased its stake in Hayward by 56.2% in the 4th quarter. KBC Group NV now owns 6,343 shares of the company’s stock valued at $97,000 after buying an additional 2,283 shares during the last quarter.

Hayward Trading Up 3.0 %

NYSE:HAYW opened at $14.63 on Thursday. The firm’s 50 day moving average is $14.73 and its 200 day moving average is $15.09. Hayward Holdings, Inc. has a 12 month low of $11.96 and a 12 month high of $16.87. The stock has a market capitalization of $3.15 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. 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 (NYSE:HAYW) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $327.08 million during the quarter, compared to analyst estimates of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.52, for a total transaction of $726,000.00. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. This represents a 8.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HAYW. Robert W. Baird upped their target price on Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and set a $16.50 price objective for the company in a research note on Wednesday, February 5th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research report on Monday, January 6th.

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.