427,602 Shares in Hayward Holdings, Inc. (NYSE:HAYW) Bought by Norges Bank

Norges Bank purchased a new position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 427,602 shares of the company's stock, valued at approximately $6,538,000. Norges Bank owned approximately 0.20% of Hayward as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in 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 in the last quarter. 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 during the last quarter. KBC Group NV boosted its position in Hayward by 56.2% during 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 in the last quarter. Pacer Advisors Inc. grew its holdings in Hayward by 25.4% in the fourth 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 during the last quarter. Finally, Oak Thistle LLC purchased a new position in shares of Hayward in the fourth quarter valued at $162,000.

Insider Activity

In related 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 transaction, the chief executive officer now directly owns 623,540 shares of the company's stock, valued at $7,806,720.80. The trade was 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. Corporate insiders own 3.25% of the company's stock.

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Hayward Stock Up 1.5 %

HAYW traded up $0.18 on Monday, reaching $12.22. The company's stock had a trading volume of 82,431 shares, compared to its average volume of 1,710,905. 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 Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The business's 50 day moving average is $13.88 and its 200 day moving average is $14.90. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Hayward had a net margin of 9.47% and a return on equity of 9.93%. The business had revenue of $327.08 million for the quarter, compared to analysts' expectations of $302.76 million. As a group, research analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HAYW has been the subject of a number of research reports. Robert W. Baird lifted their target price on shares of Hayward from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Wolfe Research lowered Hayward from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus raised Hayward from a "hold" rating to a "buy" rating and set a $16.50 price target for the company in a research report on Wednesday, February 5th. Finally, KeyCorp restated a "sector weight" rating on shares of Hayward in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Hayward presently has a consensus rating of "Hold" and a consensus price target of $17.13.

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.