Bank of New York Mellon Corp Sells 32,753 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Bank of New York Mellon Corp trimmed its position in Hayward Holdings, Inc. (NYSE:HAYW) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 872,758 shares of the company’s stock after selling 32,753 shares during the quarter. Bank of New York Mellon Corp owned about 0.40% of Hayward worth $12,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in shares of Hayward by 0.9% in the 4th quarter. Swiss National Bank now owns 296,100 shares of the company’s stock worth $4,527,000 after purchasing an additional 2,500 shares during the period. Natixis Advisors LLC boosted its holdings in Hayward by 45.1% during the 4th quarter. Natixis Advisors LLC now owns 21,770 shares of the company’s stock valued at $333,000 after acquiring an additional 6,762 shares during the period. Corient Private Wealth LLC boosted its holdings in Hayward by 6.9% during the 4th quarter. Corient Private Wealth LLC now owns 12,228 shares of the company’s stock valued at $187,000 after acquiring an additional 787 shares during the period. Xponance Inc. boosted its holdings in Hayward by 11.2% during the 4th quarter. Xponance Inc. now owns 13,151 shares of the company’s stock valued at $201,000 after acquiring an additional 1,325 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in Hayward during the 4th quarter valued at $227,000.

Hayward Trading Down 0.3%

HAYW opened at $14.66 on Monday. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 3.02 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.63 and a quick ratio of 1.84. The business has a fifty day moving average price of $14.13 and a 200 day moving average price of $14.00.

Hayward (NYSE:HAYW) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $228.84 million during the quarter, compared to the consensus estimate of $216.37 million. Hayward had a return on equity of 10.94% and a net margin of 11.53%. Hayward’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. Sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the company’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $14.20, for a total value of $860,108.20. Following the transaction, the chief executive officer owned 623,540 shares of the company’s stock, valued at approximately $8,854,268. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research cut Hayward from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.