Truist Financial Corp lowered its position in shares of Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 44.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,478 shares of the company’s stock after selling 9,187 shares during the quarter. Truist Financial Corp’s holdings in Hayward were worth $156,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Public Sector Pension Investment Board bought a new position in Hayward during the third quarter valued at about $2,202,000. WCM Investment Management LLC boosted its stake in Hayward by 11.2% during the fourth quarter. WCM Investment Management LLC now owns 2,129,882 shares of the company’s stock valued at $29,179,000 after buying an additional 214,991 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Hayward during the third quarter valued at about $1,177,000. Barclays PLC boosted its stake in Hayward by 61.6% during the third quarter. Barclays PLC now owns 128,810 shares of the company’s stock valued at $1,817,000 after buying an additional 49,110 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Hayward by 216.9% during the third quarter. Rhumbline Advisers now owns 335,927 shares of the company’s stock valued at $4,737,000 after buying an additional 229,926 shares in the last quarter.
Hayward Trading Down 1.3 %
Shares of NYSE HAYW opened at $14.61 on Thursday. Hayward Holdings, Inc. has a one year low of $9.80 and a one year high of $16.04. The firm has a market capitalization of $3.14 billion, a PE ratio of 40.58, a PEG ratio of 2.04 and a beta of 1.25. The company has a current ratio of 3.37, a quick ratio of 2.34 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $14.35 and a two-hundred day moving average price of $13.29.
Hayward (NYSE:HAYW – Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Hayward had a return on equity of 9.46% and a net margin of 8.25%. The company had revenue of $278.50 million during the quarter, compared to the consensus estimate of $271.47 million. During the same period last year, the business earned $0.10 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts predict that Hayward Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.
Insider Transactions at Hayward
In other news, CEO Kevin Holleran sold 42,857 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $13.34, for a total transaction of $571,712.38. Following the completion of the sale, the chief executive officer now directly owns 522,799 shares of the company’s stock, valued at approximately $6,974,138.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 147,143 shares of company stock valued at $2,117,174 in the last three months. Corporate insiders own 3.25% of the company’s stock.
Analyst Upgrades and Downgrades
HAYW has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on Hayward from $13.50 to $14.50 and gave the company a “hold” rating in a research report on Tuesday, March 5th. The Goldman Sachs Group increased their price target on Hayward from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.70.
View Our Latest Stock Report on Hayward
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.
Further Reading
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Source: defenseworld.net
