Hayward Holdings, Inc. (NYSE:HAYW) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,691,769 shares of the company's stock after purchasing an additional 108,337 shares during the period. Northern Trust Corp owned 0.79% of Hayward worth $25,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in Hayward by 4.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,680 shares of the company's stock valued at $515,000 after acquiring an additional 1,550 shares during the last quarter. Aquatic Capital Management LLC raised its holdings in shares of Hayward by 88.1% in the 4th quarter. Aquatic Capital Management LLC now owns 95,389 shares of the company's stock valued at $1,458,000 after purchasing an additional 44,689 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Hayward by 385.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock valued at $128,942,000 after purchasing an additional 6,696,170 shares in the last quarter. Voya Investment Management LLC raised its stake in Hayward by 68.9% during the 4th quarter. Voya Investment Management LLC now owns 31,325 shares of the company's stock worth $479,000 after acquiring an additional 12,778 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Hayward by 5.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 25,916 shares of the company's stock valued at $396,000 after purchasing an additional 1,414 shares during the period.

Wall Street Analysts Forecast Growth

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

Hayward Price Performance

Shares of Hayward stock remained flat at $14.74 during trading hours on Tuesday. 2,294,931 shares of the stock traded hands, compared to its average volume of 1,766,709. The firm has a market cap of $3.19 billion, a P/E ratio of 35.10, a PEG ratio of 1.87 and a beta of 1.15. The firm has a fifty day moving average price of $13.32 and a two-hundred day moving average price of $14.61. 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 52 week low of $11.10 and a 52 week high of $16.87.

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 firm had revenue of $228.84 million for the quarter, compared to the consensus estimate of $216.37 million. During the same period in the prior year, the firm posted $0.08 EPS. The firm's revenue 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 Buying and Selling

In other 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 value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.06% of the company's stock.

Hayward Company 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.