Bank of New York Mellon Corp Decreases Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Bank of New York Mellon Corp lessened its holdings in Hayward Holdings, Inc. (NYSE:HAYW) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 905,511 shares of the company’s stock after selling 34,586 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.42% of Hayward worth $13,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the last quarter. CIBC Asset Management Inc raised its stake in Hayward by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 15,412 shares of the company’s stock worth $236,000 after acquiring an additional 784 shares in the last quarter. Choreo LLC lifted its position in Hayward by 3.9% in the fourth quarter. Choreo LLC now owns 29,741 shares of the company’s stock valued at $454,000 after acquiring an additional 1,107 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Hayward by 25.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock valued at $156,000 after acquiring an additional 2,062 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Hayward by 56.2% during the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock worth $97,000 after purchasing an additional 2,283 shares in the last quarter.

Hayward Stock Performance

NYSE HAYW opened at $14.02 on Thursday. The firm has a market cap of $3.03 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.87 and a beta of 1.16. Hayward Holdings, Inc. has a 52-week low of $11.96 and a 52-week high of $16.87. The business’s 50-day moving average price is $14.64 and its 200 day moving average price is $15.09. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $327.08 million during the quarter, compared to analysts’ expectations of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. On average, equities research 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 shares were sold at an average price of $14.52, for a total transaction of $726,000.00. Following the completion of the transaction, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at $7,591,041.48. This represents a 8.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on HAYW shares. Robert W. Baird upped their target price on Hayward from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. KeyCorp reiterated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Finally, 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.

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.