Hayward Holdings, Inc. (NYSE:HAYW) Stock Position Raised by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management Inc. increased its position in Hayward Holdings by 50.2%, acquiring an additional 23,790 shares, bringing its total holdings to 71,174 shares valued at approximately $991,000.
• Insider selling activity was noted, with CEO Kevin Holleran selling 60,571 shares and CFO Eifion Jones selling 15,000 shares, indicating a decrease in their respective ownership stakes.
• Hayward's stock opened at $15.18, and the company reported quarterly earnings of $0.24 EPS, beating expectations and demonstrating a 5.3% year-over-year revenue increase to $299.60 million.

Envestnet Asset Management Inc. boosted its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 50.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,174 shares of the company's stock after buying an additional 23,790 shares during the period. Envestnet Asset Management Inc.'s holdings in Hayward were worth $991,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in shares of Hayward by 5.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 25,916 shares of the company's stock worth $396,000 after purchasing an additional 1,414 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Hayward by 4.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,680 shares of the company's stock valued at $515,000 after acquiring an additional 1,550 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Hayward by 2.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 59,018 shares of the company's stock valued at $822,000 after purchasing an additional 1,617 shares during the period. Merit Financial Group LLC increased its holdings in shares of Hayward by 10.0% in the 1st quarter. Merit Financial Group LLC now owns 20,685 shares of the company's stock valued at $288,000 after acquiring an additional 1,886 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Hayward by 11.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 22,348 shares of the company's stock valued at $342,000 after buying an additional 2,208 shares during the last quarter.

Insider Buying and Selling at Hayward

In other news, CFO Eifion Jones sold 15,000 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $15.50, for a total transaction of $232,500.00. Following the sale, the chief financial officer owned 287,231 shares in the company, valued at $4,452,080.50. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin Holleran sold 60,571 shares of Hayward 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 owned 623,540 shares in the company, valued at approximately $9,521,455.80. This trade represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,142 shares of company stock worth $2,017,527 over the last 90 days. Company insiders own 5.06% of the company's stock.

Hayward Stock Performance

NYSE:HAYW traded down $0.09 during midday trading on Wednesday, reaching $15.50. The stock had a trading volume of 680,123 shares, compared to its average volume of 1,886,761. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $14.35 and a two-hundred day simple moving average of $14.04. The stock has a market cap of $3.36 billion, a P/E ratio of 26.72, a P/E/G ratio of 2.35 and a beta of 1.13.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 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 analysts' expectations of $291.17 million. Hayward had a net margin of 12.04% and a return on equity of 11.07%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. On average, equities analysts expect 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.