Bank of America Corp DE Decreases Stake in Hayward Holdings, Inc. $HAYW

Key Points

• Bank of America cut its Hayward Holdings stake by 24% in the first quarter, selling 793,955 shares and retaining 2.51 million shares valued at approximately $33.6 million.
• Hayward exceeded quarterly expectations, reporting $0.26 in earnings per share and $318.4 million in revenue, while revenue increased 6.3% year over year. The company maintained fiscal 2026 EPS guidance of $0.84–$0.87.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $17.50 target price versus the stock’s recent $15.16 price. CEO Kevin Holleran also sold 50,000 shares under a pre-arranged trading plan.

Bank of America Corp DE lessened its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,513,843 shares of the company's stock after selling 793,955 shares during the quarter. Bank of America Corp DE owned approximately 1.16% of Hayward worth $33,635,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Hantz Financial Services Inc. boosted its position in Hayward by 80.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company's stock worth $32,000 after acquiring an additional 916 shares during the last quarter. IFP Advisors Inc raised its holdings in Hayward by 103.9% in the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company's stock valued at $38,000 after acquiring an additional 1,265 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Hayward in the 4th quarter valued at about $39,000. Farther Finance Advisors LLC lifted its stake in Hayward by 669.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,716 shares of the company's stock worth $57,000 after purchasing an additional 3,233 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Hayward by 149.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company's stock worth $65,000 after purchasing an additional 2,814 shares during the last quarter.

Hayward Stock Down 0.8%

Shares of NYSE HAYW opened at $15.16 on Friday. The company has a quick ratio of 2.49, a current ratio of 3.33 and a debt-to-equity ratio of 0.59. The business's 50 day moving average is $15.38 and its two-hundred day moving average is $15.03. Hayward Holdings, Inc. has a 52-week low of $12.93 and a 52-week high of $17.73. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.41 and a beta of 1.09.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Hayward had a return on equity of 11.61% and a net margin of 13.83%.The business had revenue of $318.38 million during the quarter, compared to analysts' expectations of $303.35 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The company's revenue was up 6.3% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Research analysts predict that Hayward Holdings, Inc. will post 0.87 EPS for the current year.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $15.31, for a total transaction of $765,500.00. Following the sale, the chief executive officer directly owned 701,234 shares in the company, valued at $10,735,892.54. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 272,389 shares of company stock worth $4,415,044 in the last 90 days. 4.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on HAYW. Bank of America reduced their price target on Hayward from $19.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Weiss Ratings raised shares of Hayward from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. KeyCorp restated a "sector weight" rating on shares of Hayward in a research report on Monday, July 20th. Zacks Research downgraded shares of Hayward from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Hayward in a report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.50.

Hayward Company Profile

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward's offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward's product portfolio is organized into several core categories.

Want to see what other hedge funds are holding HAYW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hayward Holdings, Inc. (NYSE:HAYW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source