BNP Paribas Financial Markets Invests $540,000 in Hayward Holdings, Inc. (NYSE:HAYW)

BNP Paribas Financial Markets purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,348 shares of the company's stock, valued at approximately $540,000.

Several other hedge funds have also made changes to their positions in HAYW. Blue Trust Inc. increased its position in Hayward by 30.2% in the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after buying an additional 671 shares during the period. Corient Private Wealth LLC grew its position in shares of Hayward by 6.9% during the fourth quarter. Corient Private Wealth LLC now owns 12,228 shares of the company's stock worth $187,000 after acquiring an additional 787 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Hayward by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 16,236 shares of the company's stock worth $248,000 after acquiring an additional 824 shares during the period. Choreo LLC lifted its position in Hayward by 3.9% in the 4th quarter. Choreo LLC now owns 29,741 shares of the company's stock valued at $454,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Xponance Inc. boosted its stake 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 purchasing an additional 1,325 shares during the period.

Analyst Ratings Changes

HAYW has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of Hayward from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price on the stock in a research report on Wednesday, February 5th. Finally, Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. 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 MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.13.

Hayward Price Performance

Shares of HAYW stock traded up $0.44 during midday trading on Tuesday, reaching $14.05. 1,266,848 shares of the company were exchanged, compared to its average volume of 1,781,746. The company's 50 day moving average price is $13.29 and its two-hundred day moving average price is $14.48. The company has a market cap of $3.04 billion, a P/E ratio of 33.46, a PEG ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.62.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates 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 last year, the business earned $0.08 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,540 shares of the company's stock, valued at approximately $7,806,720.80. This represents a 7.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.06% of the stock is currently owned by corporate insiders.

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.