Deutsche Bank AG Purchases 79,050 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Deutsche Bank AG raised its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 767.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,346 shares of the company's stock after buying an additional 79,050 shares during the quarter. Deutsche Bank AG's holdings in Hayward were worth $1,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Hayward by 30.2% in the 4th 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 raised its position in shares of 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 purchasing an additional 787 shares during the last quarter. CIBC Asset Management Inc raised its position 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 purchasing an additional 824 shares during the last quarter. Choreo LLC raised its position in shares of Hayward by 3.9% in the 4th quarter. Choreo LLC now owns 29,741 shares of the company's stock worth $454,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Xponance Inc. raised its position in shares of Hayward by 11.2% in the 4th quarter. Xponance Inc. now owns 13,151 shares of the company's stock worth $201,000 after purchasing an additional 1,325 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Robert W. Baird lifted their price objective on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Stifel Nicolaus upgraded Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective for the company in a report on Wednesday, February 5th. Finally, Wolfe Research downgraded Hayward from an "outperform" rating to a "peer perform" rating in a report 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.13.

Insider Buying and Selling at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00. Following the completion of the transaction, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $8,766,972.40. The trade was a 7.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.06% of the company's stock.

Hayward Stock Performance

Shares of Hayward stock traded up $0.44 during trading hours on Tuesday, reaching $14.05. 1,266,848 shares of the stock traded hands, compared to its average volume of 1,781,746. The company has a 50 day moving average price of $13.29 and a 200 day moving average price of $14.48. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. 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 (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $228.84 million during the quarter, compared to the consensus estimate of $216.37 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, equities research analysts expect 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.