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

BNP Paribas Financial Markets purchased a new stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 35,348 shares of the company's stock, valued at approximately $540,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Hayward by 30.2% during the fourth quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after purchasing an additional 671 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Hayward by 6.9% in the 4th quarter. Corient Private Wealth LLC now owns 12,228 shares of the company's stock worth $187,000 after buying an additional 787 shares during the period. CIBC Asset Management Inc raised its stake in shares of Hayward by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 16,236 shares of the company's stock valued at $248,000 after purchasing an additional 824 shares during the period. Choreo LLC lifted its holdings in shares of Hayward by 3.9% in the fourth quarter. Choreo LLC now owns 29,741 shares of the company's stock worth $454,000 after buying an additional 1,107 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in Hayward by 11.2% in 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.

Hayward Stock Up 0.4%

Shares of HAYW stock traded up $0.06 during mid-day trading on Thursday, reaching $14.02. 127,517 shares of the company's stock traded hands, compared to its average volume of 1,827,574. The company has a market cap of $3.03 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.87 and a beta of 1.15. 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 12 month low of $11.10 and a 12 month high of $16.87. The company's 50-day moving average price is $13.28 and its 200-day moving average price is $14.47.

Hayward (NYSE:HAYW - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $216.37 million. During the same quarter in the previous year, the firm earned $0.08 EPS. Hayward's quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $14.06, for a total transaction of $703,000.00. Following the transaction, the chief executive officer now owns 623,540 shares of the company's stock, valued at $8,766,972.40. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.06% of the stock is 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.