Greenhouse Funds LLLP Acquires 1,389,434 Shares of Hayward Holdings, Inc. $HAYW

Key Points

• Greenhouse Funds LLLP increased its stake in Hayward Holdings, Inc. by 43.4%, acquiring 1,389,434 additional shares, and now holds a total of 4,589,097 shares.
• Hayward reported a quarterly earnings per share of $0.24, surpassing analysts' expectations of $0.22, alongside a revenue of $299.60 million.
• Insider selling included 60,571 shares sold by CEO Kevin Holleran and 20,000 shares sold by CFO Eifion Jones over recent months.

Greenhouse Funds LLLP raised its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 43.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,589,097 shares of the company's stock after acquiring an additional 1,389,434 shares during the quarter. Hayward makes up 3.0% of Greenhouse Funds LLLP's holdings, making the stock its 16th largest holding. Greenhouse Funds LLLP owned about 2.12% of Hayward worth $63,880,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HAYW. Price T Rowe Associates Inc. MD grew its position in Hayward by 13.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 87,883 shares of the company's stock valued at $1,344,000 after acquiring an additional 10,182 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Hayward by 68.9% in the 4th quarter. Voya Investment Management LLC now owns 31,325 shares of the company's stock worth $479,000 after buying an additional 12,778 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Hayward by 4.8% in 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 period. Northern Trust Corp lifted its holdings in shares of Hayward by 6.8% in the 4th quarter. Northern Trust Corp now owns 1,691,769 shares of the company's stock worth $25,867,000 after buying an additional 108,337 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Hayward by 3.3% in the 4th quarter. Comerica Bank now owns 70,719 shares of the company's stock worth $1,081,000 after buying an additional 2,279 shares during the period.

Hayward Price Performance

Shares of HAYW stock opened at $15.56 on Thursday. Hayward Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.87. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 2.41 and a beta of 1.13. The stock has a fifty day simple moving average of $15.21 and a two-hundred day simple moving average of $14.22. 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 (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data 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 firm 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 firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. On average, analysts predict that Hayward Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 623,540 shares in the company, valued at $9,521,455.80. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 value of $330,000.00. Following the sale, the chief financial officer owned 287,231 shares of the company's stock, valued at $4,739,311.50. This trade represents a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,142 shares of company stock valued at $2,347,527 over the last 90 days. 5.06% of the stock is currently owned by company insiders.

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.

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