Hayward Holdings, Inc. (NYSE:HAYW) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 32.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,419 shares of the company’s stock after selling 16,362 shares during the period. Bessemer Group Inc.’s holdings in Hayward were worth $527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HAYW. Blue Trust Inc. increased its stake in Hayward by 30.2% during the 4th quarter. Blue Trust Inc. now owns 2,891 shares of the company’s stock valued at $44,000 after buying an additional 671 shares during the period. Harbor Investment Advisory LLC raised its holdings in Hayward by 98.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 5,099 shares of the company’s stock worth $78,000 after purchasing an additional 2,524 shares in the last quarter. KBC Group NV lifted its position in Hayward by 56.2% in the fourth quarter. KBC Group NV now owns 6,343 shares of the company’s stock worth $97,000 after purchasing an additional 2,283 shares during the period. Pacer Advisors Inc. boosted its stake in Hayward by 25.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,196 shares of the company’s stock valued at $156,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in shares of Hayward during the 4th quarter valued at $162,000.

Hayward Stock Down 0.9 %

HAYW stock opened at $12.12 on Wednesday. The company’s 50 day simple moving average is $13.78 and its 200-day simple moving average is $14.86. The firm has a market capitalization of $2.62 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $16.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

Hayward (NYSE:HAYW) last issued its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $327.08 million during the quarter, compared to analyst estimates of $302.76 million. Hayward had a net margin of 9.47% and a return on equity of 9.93%. As a group, equities research analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $14.52, for a total transaction of $726,000.00. Following the completion of the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at approximately $7,591,041.48. The trade was a 8.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.25% of the company’s stock.

Analyst Upgrades and Downgrades

HAYW has been the subject of several research analyst reports. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, January 6th. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 price target for the company in a report on Wednesday, February 5th. Robert W. Baird lifted their price objective 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. Finally, Wolfe Research lowered shares of Hayward from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Four research 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, the stock presently has an average rating of “Hold” and a consensus price target of $17.13.

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.