Greenhouse Funds LLLP Purchases 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 increased its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 43.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,589,097 shares of the company's stock after purchasing an additional 1,389,434 shares during the quarter. Hayward accounts for 3.0% of Greenhouse Funds LLLP's portfolio, making the stock its 16th biggest holding. Greenhouse Funds LLLP owned about 2.12% of Hayward worth $63,880,000 as of its most recent SEC filing.

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

Insider Transactions at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of the company's 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 completion of 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 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 dated Monday, August 4th. The stock was 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 trade represents a 8.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,142 shares of company stock valued at $2,347,527. Corporate insiders own 5.06% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their price objective on Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a research report on Friday. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hayward presently has a consensus rating of "Hold" and a consensus target price of $17.50.

Hayward Stock Performance

NYSE:HAYW traded down $0.50 during mid-day trading on Tuesday, hitting $15.72. 905,812 shares of the company traded hands, compared to its average volume of 1,969,427. The stock's fifty day moving average price is $15.35 and its 200-day moving average price is $14.25. Hayward Holdings, Inc. has a one year low of $11.10 and a one year 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 market cap of $3.41 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 2.45 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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The business had revenue of $299.60 million during the quarter, compared to analyst estimates of $291.17 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Hayward's revenue for the quarter was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. Research analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal 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.