Norges Bank Makes New $6.54 Million Investment in Hayward Holdings, Inc. (NYSE:HAYW)

Norges Bank bought a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 427,602 shares of the company’s stock, valued at approximately $6,538,000.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Hayward by 30.2% in the fourth 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. Corient Private Wealth LLC lifted its position in shares of Hayward by 6.9% during the 4th quarter. Corient Private Wealth LLC now owns 12,228 shares of the company’s stock valued at $187,000 after acquiring an additional 787 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Hayward by 5.3% during the 4th 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 increased its position in shares of Hayward by 3.9% in the fourth quarter. Choreo LLC now owns 29,741 shares of the company’s stock worth $454,000 after purchasing an additional 1,107 shares during the period. Finally, Xponance Inc. increased its position in shares of Hayward by 11.2% in the fourth quarter. Xponance Inc. now owns 13,151 shares of the company’s stock worth $201,000 after purchasing an additional 1,325 shares during the period.

Analyst Ratings Changes

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 research note on Thursday, April 3rd. Robert W. Baird upped their price target on shares of Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. 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 research note on Wednesday, February 5th. Finally, KeyCorp restated a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Hayward has an average rating of “Hold” and a consensus price target of $17.13.

Insider Buying and Selling

In other news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $12.52, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.25% of the stock is currently owned by corporate insiders.

Hayward Trading Down 3.7 %

HAYW opened at $11.29 on Wednesday. The company’s 50 day moving average is $14.08 and its 200-day moving average is $14.97. The company has a market cap of $2.44 billion, a P/E ratio of 26.87, a PEG ratio of 1.87 and a beta of 1.14. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.70.

Hayward (NYSE:HAYW) last posted its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The firm had revenue of $327.08 million for the quarter, compared to analysts’ expectations of $302.76 million. Equities research analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Hayward 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.