Wells Fargo & Company MN grew its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 20,634.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,792 shares of the company's stock after purchasing an additional 78,412 shares during the quarter. Wells Fargo & Company MN's holdings in Hayward were worth $1,205,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company's stock worth $44,000 after acquiring an additional 671 shares in the last quarter. Corient Private Wealth LLC increased its stake in Hayward by 6.9% in the fourth quarter. Corient Private Wealth LLC now owns 12,228 shares of the company's stock valued at $187,000 after purchasing an additional 787 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Hayward by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 16,236 shares of the company's stock worth $248,000 after purchasing an additional 824 shares in the last quarter. Choreo LLC lifted its position in shares of Hayward by 3.9% during the 4th quarter. Choreo LLC now owns 29,741 shares of the company's stock worth $454,000 after buying an additional 1,107 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in shares of 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 buying an additional 1,325 shares in the last quarter.
Insiders Place Their Bets
In related news, CEO Kevin Holleran sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $12.52, for a total value of $626,000.00. Following the sale, the chief executive officer now directly owns 623,540 shares of the company's stock, valued at approximately $7,806,720.80. This trade represents a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.06% of the stock is owned by corporate insiders.
Hayward Price Performance
Shares of Hayward stock traded up $0.02 on Friday, hitting $14.04. The company's stock had a trading volume of 2,345,441 shares, compared to its average volume of 1,747,181. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average price of $13.37 and a 200-day moving average price of $14.67. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. The company has a market capitalization of $3.04 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.
Hayward (NYSE:HAYW - Get Free Report) last released its quarterly 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. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $228.84 million for the quarter, compared to analyst estimates of $216.37 million. During the same period in the prior year, the business earned $0.08 earnings per share. The company's quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Wolfe Research cut Hayward from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. 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 note on Friday, February 28th. KeyCorp reiterated a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Finally, Stifel Nicolaus raised shares of Hayward from a "hold" rating to a "buy" rating and set a $16.50 price objective on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Hayward presently has an average rating of "Hold" and an average price target of $17.13.
View Our Latest Report on HAYW
Hayward Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Hayward, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hayward wasn't on the list.
While Hayward currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
