Cramer Rosenthal Mcglynn LLC Reduces Stock Position in Hayward Holdings, Inc. $HAYW

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in Hayward Holdings, Inc. by 13.0%, selling 269,527 shares in the first quarter, now holding 1,807,865 shares which represent 1.8% of its portfolio.
• Hayward's CEO, Kevin Holleran, sold 60,571 shares at an average price of $15.27, reducing his ownership by 8.85%, while CFO Eifion Jones sold 20,000 shares at $16.50.
• Hayward reported a quarterly earnings per share (EPS) of $0.24, exceeding analysts' expectations, with a revenue increase of 5.3% year-over-year.

Cramer Rosenthal Mcglynn LLC cut its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,807,865 shares of the company's stock after selling 269,527 shares during the period. Hayward makes up 1.8% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 19th largest position. Cramer Rosenthal Mcglynn LLC owned approximately 0.84% of Hayward worth $25,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. KBC Group NV raised its holdings in shares of Hayward by 51.1% in the 1st quarter. KBC Group NV now owns 9,584 shares of the company's stock valued at $133,000 after purchasing an additional 3,241 shares during the period. Wedmont Private Capital acquired a new position in Hayward in the 1st quarter valued at about $142,000. EntryPoint Capital LLC acquired a new position in shares of Hayward during the 1st quarter worth approximately $153,000. Pacer Advisors Inc. boosted its position in shares of Hayward by 9.5% during the 1st quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after acquiring an additional 969 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Hayward during the 4th quarter worth approximately $165,000.

Insider Activity

In other Hayward news, CFO Eifion Jones sold 20,000 shares of the business'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 transaction, the chief financial officer directly owned 287,231 shares in the company, valued at $4,739,311.50. The trade was a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin Holleran sold 60,571 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $15.27, for a total transaction of $924,919.17. Following the completion of the transaction, the chief executive officer owned 623,540 shares in the company, valued at approximately $9,521,455.80. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,142 shares of company stock worth $2,347,527. Insiders own 5.06% of the company's stock.

Hayward Price Performance

Shares of NYSE HAYW traded down $0.14 during trading hours on Friday, hitting $16.07. 1,447,599 shares of the stock were exchanged, compared to its average volume of 2,654,499. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.06 and a current ratio of 2.84. The company has a market cap of $3.48 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.13. The company's fifty day simple moving average is $15.09 and its two-hundred day simple moving average is $14.19. Hayward Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $16.87.

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