US Bancorp DE increased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 174.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,951 shares of the company’s stock after acquiring an additional 2,512 shares during the period. US Bancorp DE’s holdings in Hayward were worth $46,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Eagle Asset Management Inc. bought a new stake in Hayward during the first quarter worth about $3,667,000. Public Employees Retirement Association of Colorado raised its stake in Hayward by 1.0% in the first quarter. Public Employees Retirement Association of Colorado now owns 663,682 shares of the company’s stock valued at $7,778,000 after buying an additional 6,805 shares during the period. Truist Financial Corp bought a new stake in Hayward in the first quarter valued at approximately $224,000. Ellevest Inc. raised its stake in Hayward by 26.3% in the first quarter. Ellevest Inc. now owns 4,759 shares of the company’s stock valued at $56,000 after buying an additional 991 shares during the period. Finally, Barclays PLC raised its stake in Hayward by 57.9% in the first quarter. Barclays PLC now owns 83,672 shares of the company’s stock valued at $981,000 after buying an additional 30,698 shares during the period.
Insider Buying and Selling
In other Hayward news, CFO Eifion Jones sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $12.58, for a total transaction of $377,400.00. Following the completion of the sale, the chief financial officer now directly owns 211,862 shares in the company, valued at $2,665,223.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Kevin Holleran sold 52,910 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $13.17, for a total value of $696,824.70. Following the completion of the transaction, the chief executive officer now directly owns 476,321 shares of the company’s stock, valued at $6,273,147.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Eifion Jones sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $12.58, for a total transaction of $377,400.00. Following the transaction, the chief financial officer now directly owns 211,862 shares of the company’s stock, valued at approximately $2,665,223.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,530 shares of company stock worth $2,344,811. Corporate insiders own 3.20% of the company’s stock.
Hayward Stock Performance
Hayward (NYSE:HAYW – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $283.54 million for the quarter, compared to analysts’ expectations of $266.69 million. Hayward had a net margin of 7.71% and a return on equity of 9.16%. The business’s revenue for the quarter was down 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, equities research analysts predict that Hayward Holdings, Inc. will post 0.55 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on HAYW. The Goldman Sachs Group upped their price objective on Hayward from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Friday, August 4th. Stifel Nicolaus upgraded Hayward from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.50 in a research note on Thursday, August 3rd. Morgan Stanley increased their target price on Hayward from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Finally, KeyCorp increased their target price on Hayward from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.38.
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.
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