Bank of New York Mellon Corp Has $10.58 Million Stock Holdings in Hayward Holdings, Inc. (NYSE:HAYW)

Bank of New York Mellon Corp grew its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 860,293 shares of the company’s stock after purchasing an additional 11,013 shares during the quarter. Bank of New York Mellon Corp owned about 0.40% of Hayward worth $10,582,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Hayward by 178.5% during the 1st quarter. GAMMA Investing LLC now owns 2,674 shares of the company’s stock worth $41,000 after purchasing an additional 1,714 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of Hayward during the 1st quarter worth approximately $164,000. Oak Thistle LLC acquired a new position in shares of Hayward during the 1st quarter worth approximately $181,000. Quadrature Capital Ltd acquired a new position in shares of Hayward during the 4th quarter worth approximately $179,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Hayward during the 1st quarter worth approximately $248,000.

Analyst Upgrades and Downgrades

HAYW has been the subject of several research analyst reports. KeyCorp reduced their target price on Hayward from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. The Goldman Sachs Group reduced their target price on Hayward from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Stifel Nicolaus lifted their target price on Hayward from $15.00 to $15.50 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Robert W. Baird lifted their target price on Hayward from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Hayward has an average rating of “Hold” and a consensus price target of $15.50.

Hayward Stock Performance

HAYW opened at $14.08 on Tuesday. The business has a fifty day simple moving average of $13.68 and a 200 day simple moving average of $13.89. The company has a market capitalization of $3.03 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.29 and a beta of 1.21. Hayward Holdings, Inc. has a 1 year low of $9.80 and a 1 year high of $16.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.59 and a quick ratio of 1.68.

Hayward (NYSE:HAYW) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $284.39 million during the quarter, compared to the consensus estimate of $282.60 million. Hayward had a return on equity of 9.66% and a net margin of 9.06%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. Research analysts expect that Hayward Holdings, Inc. will post 0.59 EPS for the current year.

Insider Activity at Hayward

In other news, SVP Susan M. Canning sold 5,028 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the sale, the senior vice president now directly owns 67,904 shares in the company, valued at approximately $950,656. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Susan M. Canning sold 5,028 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $14.00, for a total transaction of $70,392.00. Following the completion of the sale, the senior vice president now directly owns 67,904 shares in the company, valued at approximately $950,656. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin Holleran sold 42,857 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $12.13, for a total value of $519,855.41. Following the sale, the chief executive officer now owns 522,799 shares of the company’s stock, valued at $6,341,551.87. The disclosure for this sale can be found here. Insiders sold 133,599 shares of company stock worth $1,786,815 in the last ninety days. 3.25% of the stock is owned by company insiders.

About Hayward

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.