BNP Paribas Financial Markets Takes Position in Hayward Holdings, Inc. (NYSE:HAYW)

BNP Paribas Financial Markets purchased a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,348 shares of the company's stock, valued at approximately $540,000.

Other large investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its position in Hayward by 385.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock worth $128,942,000 after purchasing an additional 6,696,170 shares during the period. BBR Partners LLC bought a new stake in shares of Hayward in the 4th quarter worth $67,399,000. Fiduciary Management Inc. WI acquired a new stake in shares of Hayward in the fourth quarter valued at $62,949,000. Vanguard Group Inc. lifted its holdings in shares of Hayward by 22.8% in the fourth quarter. Vanguard Group Inc. now owns 19,305,043 shares of the company's stock valued at $295,174,000 after buying an additional 3,589,352 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Hayward by 525.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,295,833 shares of the company's stock valued at $50,393,000 after buying an additional 2,769,273 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Stifel Nicolaus upgraded shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 target price on the stock in a report on Wednesday, February 5th. Finally, Wolfe Research cut shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Hayward currently has an average rating of "Hold" and an average target price of $17.13.

Hayward Trading Up 0.9%

Shares of NYSE HAYW traded up $0.12 during mid-day trading on Thursday, hitting $14.08. 1,223,929 shares of the company traded hands, compared to its average volume of 1,783,828. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 1.87 and a beta of 1.15. The business has a 50 day moving average of $13.28 and a two-hundred day moving average of $14.46.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The firm had revenue of $228.84 million for the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $14.06, for a total value of $703,000.00. Following the completion of the sale, the chief executive officer now owns 623,540 shares of the company's stock, valued at $8,766,972.40. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.06% of the stock is owned by company 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.