Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in Hayward by 61.9% during the 4th quarter. Sterling Capital Management LLC now owns 8,546 shares of the company's stock valued at $131,000 after buying an additional 3,268 shares during the last quarter. KBC Group NV increased its stake in shares of Hayward by 51.1% in the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after purchasing an additional 3,241 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of Hayward in the 1st quarter worth $142,000. iSAM Funds UK Ltd purchased a new stake in shares of Hayward in the 4th quarter worth $165,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of Hayward in the 4th quarter worth $172,000.

Analyst Ratings Changes

Separately, Wolfe Research downgraded shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.13.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $14.20, for a total value of $860,108.20. Following the completion of the sale, the chief executive officer directly owned 623,540 shares in the company, valued at $8,854,268. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.06% of the stock is currently owned by insiders.

Hayward Trading Up 0.8%

Hayward stock traded up $0.13 during midday trading on Thursday, reaching $15.13. The stock had a trading volume of 188,324 shares, compared to its average volume of 1,809,017. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.66. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12. The company has a fifty day moving average of $14.13 and a 200 day moving average of $14.01.

Hayward (NYSE:HAYW - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $228.84 million for the quarter, compared to analyst estimates of $216.37 million. Hayward had a net margin of 11.53% and a return on equity of 10.94%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. On average, analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Hayward 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.