Equitable Trust Co. Has $846,000 Position in Hayward Holdings, Inc. $HAYW

Key Points

• Equitable Trust Co. increased its position in Hayward Holdings, Inc. by 76.3% during the second quarter, owning a total of 61,297 shares valued at $846,000.
• Insider sales occurred recently with CFO Eifion Jones selling 20,000 shares for $330,000 and CEO Kevin Holleran selling 60,571 shares for approximately $925,000, resulting in notable decreases in their ownership stakes.
• Hayward's stock performance showed an opening price of $15.48, with recent earnings beating expectations at $0.24 EPS, and the company has a market cap of $3.35 billion.

Equitable Trust Co. boosted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 76.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,297 shares of the company's stock after buying an additional 26,535 shares during the quarter. Equitable Trust Co.'s holdings in Hayward were worth $846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in shares of Hayward by 0.9% in the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock valued at $1,381,000 after purchasing an additional 869 shares during the period. Pacer Advisors Inc. increased its position in Hayward by 9.5% in the 1st quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock valued at $155,000 after buying an additional 969 shares in the last quarter. Yousif Capital Management LLC increased its position in Hayward by 2.0% in the 2nd quarter. Yousif Capital Management LLC now owns 53,670 shares of the company's stock valued at $741,000 after buying an additional 1,049 shares in the last quarter. Harbor Investment Advisory LLC increased its position in Hayward by 28.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company's stock valued at $91,000 after buying an additional 1,472 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in 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 buying an additional 1,617 shares in the last quarter.

Insider Activity at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of the company's stock in a transaction that occurred 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 directly owned 287,231 shares of the company's stock, valued at $4,739,311.50. This represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $15.27, for a total value of $924,919.17. Following the completion of the transaction, the chief executive officer directly 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. Over the last ninety days, insiders sold 156,142 shares of company stock valued at $2,405,676. 5.06% of the stock is currently owned by corporate insiders.

Hayward Stock Performance

HAYW stock opened at $15.48 on Thursday. The firm has a market cap of $3.35 billion, a PE ratio of 26.68, a P/E/G ratio of 2.35 and a beta of 1.11. 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 business has a 50 day moving average of $15.59 and a 200-day moving average of $14.43. Hayward Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $16.87.

Hayward (NYSE:HAYW - Get Free Report) last released its 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 company had revenue of $299.60 million during the quarter, compared to analyst estimates of $291.17 million. Hayward had a return on equity of 11.07% and a net margin of 12.04%.Hayward's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. Hayward has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HAYW has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Hayward in a research report on Tuesday. Stifel Nicolaus boosted their target price on Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hayward currently has a consensus rating of "Hold" and an average target price of $17.50.

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.

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