Hayward Holdings, Inc. $HAYW Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly reduced its stake in Hayward Holdings, Inc. by 85.3% during the first quarter, now holding 13,103 shares worth approximately $182,000 after selling 76,243 shares.
• Other investment firms, such as Charles Schwab and Vanguard Group, have increased their holdings in Hayward, with Schwab raising its stake by 8.6% and Vanguard by 3.5%.
• Insider sales included CEO Kevin Holleran selling 60,571 shares for about $925,000, resulting in an 8.85% decrease in his ownership of the company.

Deutsche Bank AG cut its stake in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 85.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,103 shares of the company's stock after selling 76,243 shares during the period. Deutsche Bank AG's holdings in Hayward were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HAYW. Cerity Partners LLC grew its holdings in shares of Hayward by 0.9% in the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock worth $1,381,000 after acquiring an additional 869 shares during the period. Pacer Advisors Inc. grew its holdings in 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. Integrated Wealth Concepts LLC grew its holdings in Hayward by 5.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 25,916 shares of the company's stock valued at $396,000 after purchasing an additional 1,414 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Hayward by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 47,384 shares of the company's stock valued at $725,000 after buying an additional 1,491 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Hayward by 4.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,680 shares of the company's stock worth $515,000 after buying an additional 1,550 shares during the last quarter.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of Hayward stock in a transaction dated Wednesday, August 13th. The stock was 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 of the company's stock, valued at $4,739,311.50. The trade was a 6.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kevin Holleran sold 60,571 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $15.27, for a total transaction of $924,919.17. Following the sale, the chief executive officer owned 623,540 shares of the company's stock, valued at approximately $9,521,455.80. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,142 shares of company stock worth $2,347,527 over the last three months. Corporate insiders own 5.06% of the company's stock.

Hayward Price Performance

NYSE HAYW traded down $0.11 during trading hours on Wednesday, reaching $15.67. The company's stock had a trading volume of 883,626 shares, compared to its average volume of 1,958,018. 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's 50-day moving average is $15.17 and its two-hundred day moving average is $14.21. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The stock has a market cap of $3.39 billion, a PE ratio of 26.98, a PEG ratio of 2.41 and a beta of 1.13.

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

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.