Fiduciary Management Inc. WI Increases Stock Position in Hayward Holdings, Inc. $HAYW

Key Points

• Fiduciary Management Inc. WI increased its stake in Hayward Holdings, Inc. by 63.0%, acquiring an additional 2,592,926 shares, bringing its total holdings to 6,709,914 shares valued at approximately $93.4 million.
• Recent insider transactions included CFO Eifion Jones selling 20,000 shares for $330,000 and CEO Kevin Holleran selling 60,571 shares for about $925,000, indicating a decrease in their ownership positions.
• Hayward Holdings reported earnings of $0.24 per share for the last quarter, exceeding analyst expectations and showcasing a year-over-year revenue growth of 5.3%.

Fiduciary Management Inc. WI lifted its position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 63.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,709,914 shares of the company's stock after buying an additional 2,592,926 shares during the period. Fiduciary Management Inc. WI owned approximately 3.10% of Hayward worth $93,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAYW. Wells Fargo & Company MN grew its position in shares of Hayward by 20,634.7% in the 4th quarter. Wells Fargo & Company MN now owns 78,792 shares of the company's stock worth $1,205,000 after buying an additional 78,412 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Hayward by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 47,384 shares of the company's stock worth $725,000 after purchasing an additional 1,491 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Hayward during the 4th quarter worth approximately $966,000. Rockefeller Capital Management L.P. grew its position in Hayward by 11.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 22,348 shares of the company's stock worth $342,000 after purchasing an additional 2,208 shares during the last quarter. Finally, Mariner LLC grew its position in Hayward by 18.2% during the 4th quarter. Mariner LLC now owns 34,529 shares of the company's stock worth $528,000 after purchasing an additional 5,328 shares during the last quarter.

Hayward Stock Performance

Shares of HAYW stock traded down $0.03 during trading hours on Tuesday, hitting $16.26. The company's stock had a trading volume of 2,173,301 shares, compared to its average volume of 1,968,475. The company has a 50 day moving average of $14.87 and a 200 day moving average of $14.13. The stock has a market cap of $3.52 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13. The company has a current ratio of 2.84, a quick ratio of 2.06 and a debt-to-equity ratio of 0.63. 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 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 business had revenue of $299.60 million for 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 business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Hayward

In related news, CEO Kevin Holleran sold 60,571 shares of the business's stock in a transaction 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 in the company, valued at $9,521,455.80. The trade was a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eifion Jones sold 20,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $16.50, for a total transaction of $330,000.00. Following the transaction, the chief financial officer 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 156,142 shares of company stock valued at $2,347,527. Company insiders own 5.06% of the company's stock.

Hayward Company 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.