Bank of New York Mellon Corp grew its position in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 14.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 515,111 shares of the company’s stock after acquiring an additional 64,068 shares during the period. Bank of New York Mellon Corp owned about 0.24% of Hayward worth $6,619,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Advisor Group Holdings Inc. raised its position in shares of Hayward by 16.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 12,876 shares of the company’s stock worth $212,000 after purchasing an additional 1,844 shares during the last quarter. BlackRock Inc. raised its position in shares of Hayward by 7.6% during the 1st quarter. BlackRock Inc. now owns 1,842,041 shares of the company’s stock worth $30,617,000 after purchasing an additional 129,777 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Hayward during the 1st quarter worth about $304,000. Blair William & Co. IL raised its position in shares of Hayward by 30.8% during the 1st quarter. Blair William & Co. IL now owns 46,828 shares of the company’s stock worth $778,000 after purchasing an additional 11,020 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Hayward by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,257,039 shares of the company’s stock worth $120,612,000 after purchasing an additional 30,762 shares during the last quarter.
Wall Street Analyst Weigh In
Several analysts recently issued reports on HAYW shares. Morgan Stanley upped their price objective on shares of Hayward from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. Stifel Nicolaus dropped their price objective on shares of Hayward from $16.50 to $15.00 and set a “buy” rating for the company in a research note on Monday, October 30th. KeyCorp dropped their price objective on shares of Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Hayward from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.57.
Insider Transactions at Hayward
In other news, VP Fernando Blasco sold 9,250 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $14.39, for a total value of $133,107.50. Following the transaction, the vice president now directly owns 14,857 shares in the company, valued at approximately $213,792.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.
Hayward Stock Performance
Hayward stock opened at $11.75 on Tuesday. The firm has a 50 day simple moving average of $12.54 and a 200-day simple moving average of $12.66. Hayward Holdings, Inc. has a 1-year low of $8.82 and a 1-year high of $15.22. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.25 and a quick ratio of 2.13. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 40.52 and a beta of 1.09.
Hayward (NYSE:HAYW – Get Free Report) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Hayward had a net margin of 6.74% and a return on equity of 8.00%. The firm had revenue of $220.30 million for the quarter, compared to analyst estimates of $210.15 million. On average, analysts expect that Hayward Holdings, Inc. will post 0.48 EPS for the current year.
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.
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