Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its position in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080,942 shares of the company’s stock after selling 29,348 shares during the quarter. Bank of America Corp DE owned 0.50% of Hayward worth $16,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HAYW. Principal Financial Group Inc. boosted its position in shares of Hayward by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 668,396 shares of the company’s stock worth $10,253,000 after buying an additional 44,978 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Hayward by 53.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 57,401 shares of the company’s stock worth $878,000 after buying an additional 19,983 shares during the period. Merit Financial Group LLC acquired a new stake in Hayward in the 4th quarter worth about $287,000. SG Americas Securities LLC grew its holdings in Hayward by 151.9% in the 4th quarter. SG Americas Securities LLC now owns 69,965 shares of the company’s stock valued at $1,070,000 after buying an additional 42,195 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in Hayward in the 4th quarter valued at about $665,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HAYW shares. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target on the stock in a research note on Wednesday, February 5th. Wolfe Research lowered Hayward from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Finally, Robert W. Baird lifted 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.13.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $14.06, for a total value of $703,000.00. Following the completion of the transaction, the chief executive officer now directly owns 623,540 shares of the company’s stock, valued at $8,766,972.40. This represents a 7.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.06% of the stock is currently owned by corporate insiders.

Hayward Trading Down 0.8%

Shares of HAYW stock opened at $14.32 on Wednesday. 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 Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The firm’s 50 day moving average price is $13.33 and its two-hundred day moving average price is $14.56. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Hayward (NYSE:HAYW) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $228.84 million for the quarter, compared to analyst estimates of $216.37 million. During the same quarter in the previous year, the business posted $0.08 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

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.