Wells Fargo & Company MN Raises Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Wells Fargo & Company MN increased its position in Hayward Holdings, Inc. (NYSE:HAYW) by 20,634.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,792 shares of the company’s stock after purchasing an additional 78,412 shares during the period. Wells Fargo & Company MN’s holdings in Hayward were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Hayward during the third quarter valued at $306,000. Tidal Investments LLC bought a new position in Hayward during the 3rd quarter valued at about $216,000. Principal Financial Group Inc. boosted its holdings in shares of Hayward by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock valued at $10,253,000 after acquiring an additional 44,978 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Hayward by 146.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 32,935 shares of the company’s stock worth $504,000 after acquiring an additional 19,590 shares during the period. Finally, Oak Thistle LLC bought a new stake in shares of Hayward in the fourth quarter worth approximately $162,000.

Hayward Stock Performance

NYSE HAYW opened at $13.14 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87. The business has a 50-day moving average price of $13.42 and a 200-day moving average price of $14.70.

Hayward (NYSE:HAYW) last posted its earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $327.08 million for the quarter, compared to the consensus estimate of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. As a group, equities research analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at $7,806,720.80. This represents a 7.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on HAYW. Robert W. Baird lifted their price target on shares of Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Wolfe Research lowered Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Stifel Nicolaus raised Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target for the company in a report on Wednesday, February 5th. Finally, KeyCorp reissued a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.13.

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.