Hayward Holdings, Inc. $HAYW Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 883,031 shares of the company’s stock after buying an additional 10,273 shares during the period. Bank of New York Mellon Corp owned 0.41% of Hayward worth $12,186,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HAYW. Cerity Partners LLC boosted its position in shares of Hayward by 0.9% during the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company’s stock valued at $1,381,000 after acquiring an additional 869 shares during the last quarter. Northern Trust Corp raised its stake in Hayward by 4.0% during the first quarter. Northern Trust Corp now owns 1,758,987 shares of the company’s stock worth $24,485,000 after purchasing an additional 67,218 shares during the period. Raymond James Financial Inc. boosted its holdings in Hayward by 48.6% in the 1st quarter. Raymond James Financial Inc. now owns 1,142,307 shares of the company’s stock valued at $15,901,000 after purchasing an additional 373,668 shares during the last quarter. Invesco Ltd. grew its stake in shares of Hayward by 4.8% in the 1st quarter. Invesco Ltd. now owns 2,912,704 shares of the company’s stock valued at $40,545,000 after buying an additional 134,609 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Hayward by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company’s stock worth $278,155,000 after buying an additional 677,373 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on HAYW shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Hayward in a research report on Monday. Zacks Research raised Hayward from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Stifel Nicolaus raised their price objective on Hayward from $17.50 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hayward has an average rating of “Moderate Buy” and an average target price of $18.00.

Hayward Trading Down 0.0%

HAYW opened at $15.28 on Wednesday. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $17.73. The company has a quick ratio of 2.31, a current ratio of 3.18 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $15.54 and a 200-day simple moving average of $15.02. The firm has a market cap of $3.31 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.61 and a beta of 1.12.

Hayward (NYSE:HAYW) last posted its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $244.34 million for the quarter, compared to analyst estimates of $231.46 million. Hayward had a return on equity of 11.24% and a net margin of 12.54%.Hayward’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Hayward has set its FY 2025 guidance at EPS. On average, equities analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other news, CEO Kevin Holleran sold 60,571 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $16.74, for a total transaction of $1,013,958.54. Following the sale, the chief executive officer owned 623,540 shares of the company’s stock, valued at approximately $10,438,059.60. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eifion Jones sold 25,000 shares of Hayward stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $17.50, for a total transaction of $437,500.00. Following the completion of the transaction, the chief financial officer owned 287,231 shares of the company’s stock, valued at $5,026,542.50. This trade represents a 8.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,142 shares of company stock worth $2,369,715 in the last three months. Corporate insiders own 5.06% of the company’s stock.

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.