Hayward Holdings, Inc. $HAYW Shares Sold by Alliancebernstein L.P.

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. cut its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 20.7% in the first quarter, according to its most recent 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 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HAYW. Vanguard Group Inc. increased its holdings in shares of Hayward by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company's stock valued at $278,155,000 after purchasing an additional 677,373 shares in the last quarter. Fiduciary Management Inc. WI increased its holdings in shares of Hayward by 63.0% during the 1st quarter. Fiduciary Management Inc. WI now owns 6,709,914 shares of the company's stock valued at $93,402,000 after purchasing an additional 2,592,926 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Hayward by 36.0% during the 1st quarter. AQR Capital Management LLC now owns 3,633,925 shares of the company's stock valued at $49,094,000 after purchasing an additional 962,402 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Hayward by 5.8% during the 1st quarter. Jennison Associates LLC now owns 3,575,410 shares of the company's stock valued at $49,770,000 after purchasing an additional 194,543 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Hayward by 4.8% during the 1st quarter. Invesco Ltd. now owns 2,912,704 shares of the company's stock valued at $40,545,000 after purchasing an additional 134,609 shares in the last quarter.

Hayward Price Performance

NYSE HAYW traded down $0.46 on Friday, hitting $15.61. The company had a trading volume of 1,399,412 shares, compared to its average volume of 1,978,288. The company has a market capitalization of $3.38 billion, a PE ratio of 26.91, a PEG ratio of 2.43 and a beta of 1.13. The company's fifty day moving average price is $15.47 and its 200-day moving average price is $14.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.84 and a quick ratio of 2.06. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87.

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

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their target price on shares of Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.50.

Insider Buying and Selling at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $15.27, for a total value of $924,919.17. Following the completion of the sale, the chief executive officer owned 623,540 shares of the company's stock, valued at approximately $9,521,455.80. The trade was a 8.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eifion Jones sold 20,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer directly owned 287,231 shares of the company's stock, valued at approximately $4,739,311.50. The trade was a 6.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 156,142 shares of company stock valued at $2,347,527. 5.06% of the stock is owned by insiders.

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.