Charles Schwab Investment Management Inc. Buys 123,478 Shares of Hayward Holdings, Inc. $HAYW

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Hayward Holdings, Inc. by 8.6% during the 1st quarter, acquiring an additional 123,478 shares to bring its total to 1,553,193 shares valued at $21.62 million.
• Hayward's recent quarterly earnings exceeded analysts' expectations, reporting $0.24 EPS against a consensus of $0.22, with revenues increasing by 5.3% year-over-year to $299.60 million.
• Insider sales were noted, including CFO Eifion Jones selling 20,000 shares and CEO Kevin Holleran selling 60,571 shares, indicating a decrease in their ownership positions of 6.51% and 8.85%, respectively.

Charles Schwab Investment Management Inc. lifted its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 8.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,553,193 shares of the company's stock after buying an additional 123,478 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.72% of Hayward worth $21,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV lifted its holdings in shares of Hayward by 51.1% during the first quarter. KBC Group NV now owns 9,584 shares of the company's stock worth $133,000 after buying an additional 3,241 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of Hayward during the first quarter worth $142,000. iSAM Funds UK Ltd acquired a new stake in shares of Hayward during the fourth quarter worth $165,000. Pacer Advisors Inc. lifted its holdings in shares of Hayward by 9.5% during the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after buying an additional 969 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Hayward during the fourth quarter worth $172,000.

Hayward Price Performance

Shares of NYSE HAYW traded up $0.06 during mid-day trading on Wednesday, reaching $16.29. The company had a trading volume of 1,830,711 shares, compared to its average volume of 2,958,174. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.06 and a current ratio of 2.84. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.47 and a beta of 1.13. The business's 50-day simple moving average is $14.98 and its 200 day simple moving average is $14.16.

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 analysts' consensus estimates of $0.22 by $0.02. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The company had revenue of $299.60 million for the quarter, compared to analysts' expectations of $291.17 million. During the same quarter last year, the business earned $0.21 earnings per share. Hayward's revenue was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. On average, research analysts predict that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction on 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 approximately $9,521,455.80. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eifion Jones sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was 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. The trade was a 6.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,142 shares of company stock worth $2,347,527 in the last 90 days. 5.06% of the stock is owned by company insiders.

Hayward Company 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.