Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 69.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,485 shares of the company's stock after selling 320,384 shares during the quarter. First Trust Advisors LP owned about 0.07% of Hayward worth $2,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in HAYW. Virtu Financial LLC acquired a new stake in shares of Hayward in the third quarter valued at approximately $306,000. Tidal Investments LLC acquired a new stake in Hayward in the 3rd quarter valued at approximately $216,000. Principal Financial Group Inc. raised its stake in Hayward by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 668,396 shares of the company's stock valued at $10,253,000 after acquiring an additional 44,978 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in Hayward by 146.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 32,935 shares of the company's stock worth $504,000 after acquiring an additional 19,590 shares during the period. Finally, Oak Thistle LLC acquired a new position in shares of Hayward during the fourth quarter valued at $162,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wolfe Research downgraded shares of Hayward from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. KeyCorp reiterated a "sector weight" rating on shares of Hayward in a report on Monday, January 6th. Stifel Nicolaus raised 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, Robert W. Baird upped their target price on Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $17.13.

Hayward Trading Up 0.1 %

Shares of NYSE:HAYW opened at $14.05 on Tuesday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.87 and a beta of 1.15. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The company has a 50 day moving average price of $13.36 and a 200 day moving average price of $14.64. 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 announced its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate 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%. Hayward's revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. On average, research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,540 shares in the company, valued at approximately $7,806,720.80. This trade represents a 7.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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