Equitable Trust Co. Buys 17,978 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Equitable Trust Co. grew its stake in shares of Hayward Holdings, Inc. (NYSE:HAYWFree Report) by 115.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,496 shares of the company’s stock after acquiring an additional 17,978 shares during the quarter. Equitable Trust Co.’s holdings in Hayward were worth $472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Comerica Bank purchased a new stake in shares of Hayward during the second quarter valued at $230,000. MetLife Investment Management LLC increased its holdings in Hayward by 56.8% in the 2nd quarter. MetLife Investment Management LLC now owns 2,186 shares of the company’s stock worth $28,000 after buying an additional 792 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Hayward in the 1st quarter worth about $29,000. Advisory Services Network LLC increased its holdings in Hayward by 44.7% in the 1st quarter. Advisory Services Network LLC now owns 3,237 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in Hayward by 918.8% in the 3rd quarter. Ensign Peak Advisors Inc now owns 3,260 shares of the company’s stock worth $29,000 after buying an additional 2,940 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HAYW shares. Jefferies Financial Group downgraded Hayward from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $14.00 in a report on Thursday, January 11th. The Goldman Sachs Group cut their price target on Hayward from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. KeyCorp cut their price target on Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Stifel Nicolaus downgraded Hayward from a “buy” rating to a “hold” rating and boosted their price target for the company from $13.00 to $13.50 in a research note on Wednesday, December 20th. Finally, TheStreet upgraded Hayward from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Hayward currently has a consensus rating of “Hold” and an average target price of $13.21.

Read Our Latest Stock Analysis on HAYW

Hayward Stock Down 1.6 %

Shares of HAYW opened at $12.85 on Wednesday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 44.31 and a beta of 1.17. Hayward Holdings, Inc. has a 1 year low of $9.80 and a 1 year high of $15.22. The business’s 50 day simple moving average is $12.71 and its 200-day simple moving average is $12.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.25 and a quick ratio of 2.13.

Hayward (NYSE:HAYWGet Free Report) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Hayward had a return on equity of 8.00% and a net margin of 6.74%. The business had revenue of $220.30 million for the quarter, compared to analysts’ expectations of $210.15 million. As a group, equities analysts expect that Hayward Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

About Hayward

(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.

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Institutional Ownership by Quarter for Hayward (NYSE:HAYW)

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