Alliancebernstein L.P. Has $21.25 Million Stake in Hayward Holdings, Inc. $HAYW

Key Points

• Alliancebernstein L.P. has reduced its stake in Hayward Holdings, Inc. by 20.7%, owning approximately $21.25 million in shares after selling 397,743 during the first quarter.
• Vanguard Group Inc. increased its holdings in Hayward by 3.5%, now owning shares valued at $278.15 million, while several other hedge funds also adjusted their positions significantly.
• Hayward reported earnings of $0.24 per share, exceeding expectations, with total revenue for the quarter reaching $299.6 million, a 5.3% year-over-year increase.

Alliancebernstein L.P. trimmed its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,526,867 shares of the company's stock after selling 397,743 shares during the quarter. Alliancebernstein L.P. owned 0.71% of Hayward worth $21,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of HAYW. Fiduciary Management Inc. WI lifted its holdings in Hayward by 63.0% in the 1st quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company's stock valued at $93,402,000 after acquiring an additional 2,592,926 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Hayward by 107.7% in the 4th quarter. Ameriprise Financial Inc. now owns 1,982,822 shares of the company's stock valued at $30,317,000 after acquiring an additional 1,028,303 shares during the last quarter. AQR Capital Management LLC raised its holdings in Hayward by 36.0% during the 1st quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company's stock worth $49,094,000 after buying an additional 962,402 shares during the period. MetLife Investment Management LLC raised its holdings in Hayward by 34,359.7% during the 1st quarter. MetLife Investment Management LLC now owns 862,871 shares of the company's stock worth $12,011,000 after buying an additional 860,367 shares during the period. Finally, Nuveen LLC acquired a new stake in Hayward during the 1st quarter worth about $11,821,000.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their price objective on Hayward from $17.50 to $18.00 and gave the stock a "buy" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.50.

Insider Transactions at Hayward

In other news, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $15.27, for a total value of $924,919.17. Following the transaction, the chief executive officer owned 623,540 shares in the company, valued at $9,521,455.80. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eifion Jones sold 20,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total value of $330,000.00. Following the completion of the transaction, the chief financial officer owned 287,231 shares in the company, valued at $4,739,311.50. This represents a 6.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,142 shares of company stock worth $2,347,527 in the last quarter. 5.06% of the stock is owned by corporate insiders.

Hayward Trading Down 0.3%

NYSE HAYW traded down $0.04 on Tuesday, hitting $15.53. 1,795,647 shares of the company were exchanged, compared to its average volume of 2,027,613. The company's 50 day moving average price is $15.52 and its 200-day moving average price is $14.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.84 and a quick ratio of 2.06. The firm has a market capitalization of $3.37 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The company had revenue of $299.60 million for the quarter, compared to the consensus estimate of $291.17 million. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. Analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

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.