Cramer Rosenthal Mcglynn LLC Sells 269,527 Shares of 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% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,807,865 shares of the company's stock after selling 269,527 shares during the quarter. Hayward makes up approximately 1.8% of Cramer Rosenthal Mcglynn LLC's investment portfolio, making the stock its 19th largest holding. Cramer Rosenthal Mcglynn LLC owned approximately 0.84% of Hayward worth $25,165,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HAYW. KBC Group NV grew its stake in 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 buying an additional 3,241 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of Hayward during the first quarter worth approximately $142,000. EntryPoint Capital LLC bought a new stake in shares of Hayward during the first quarter worth approximately $153,000. Pacer Advisors Inc. grew its position in shares of Hayward by 9.5% in the first quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock valued at $155,000 after purchasing an additional 969 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of Hayward during the fourth quarter worth approximately $165,000.

Hayward Stock Performance

NYSE:HAYW traded down $0.07 during mid-day trading on Thursday, hitting $16.20. 2,058,145 shares of the stock were exchanged, compared to its average volume of 2,717,232. The firm's 50-day simple moving average is $14.98 and its 200 day simple moving average is $14.16. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.47 and a beta of 1.13. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. 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 (NYSE:HAYW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The business had revenue of $299.60 million for the quarter, compared to the consensus estimate of $291.17 million. During the same period in the prior year, the company posted $0.21 earnings per share. Hayward's revenue was up 5.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity

In other news, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction on 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 directly owned 623,540 shares in the company, valued at approximately $9,521,455.80. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $330,000.00. Following the sale, 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 156,142 shares of company stock worth $2,347,527 over the last ninety days. 5.06% of the stock is currently owned by insiders.

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.