Hayward Holdings, Inc. $HAYW Shares Purchased by Northern Trust Corp

Key Points

• Northern Trust Corp increased its holdings in Hayward Holdings, Inc. by 4.0%, now owning 1,758,987 shares valued at approximately $24.5 million.
• Insider trading reports show that CFO Eifion Jones and CEO Kevin Holleran sold a combined 80,571 shares for over $1.25 million, reflecting significant decreases in their ownership stakes.
• Hayward Holdings reported a Q2 profit of $0.24 EPS, surpassing analyst expectations, with revenue increasing by 5.3% year-over-year to $299.6 million.

Northern Trust Corp grew its holdings in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 4.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,758,987 shares of the company's stock after acquiring an additional 67,218 shares during the quarter. Northern Trust Corp owned about 0.81% of Hayward worth $24,485,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in Hayward in the first quarter valued at approximately $693,000. Algert Global LLC lifted its position in shares of Hayward by 55.8% during the 1st quarter. Algert Global LLC now owns 137,870 shares of the company's stock worth $1,919,000 after buying an additional 49,360 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Hayward by 48.6% in the 1st quarter. Raymond James Financial Inc. now owns 1,142,307 shares of the company's stock valued at $15,901,000 after buying an additional 373,668 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Hayward by 20.2% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 33,690 shares of the company's stock valued at $469,000 after buying an additional 5,651 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. grew its position in shares of Hayward by 111.3% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 467,376 shares of the company's stock valued at $6,506,000 after buying an additional 246,230 shares during the last quarter.

Hayward Stock Up 2.7%

NYSE:HAYW traded up $0.42 during midday trading on Thursday, hitting $15.98. 545,822 shares of the company were exchanged, compared to its average volume of 1,957,086. Hayward Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $16.87. The company has a market capitalization of $3.46 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.41 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. The company has a fifty day simple moving average of $15.21 and a 200 day simple moving average of $14.22.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping 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 company had revenue of $299.60 million for the quarter, compared to analyst estimates of $291.17 million. During the same quarter last year, the company posted $0.21 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Hayward has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer owned 623,540 shares in the company, valued at approximately $9,521,455.80. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eifion Jones sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total value of $330,000.00. Following the completion of the sale, the chief financial officer directly owned 287,231 shares of the company's stock, valued at $4,739,311.50. The trade was a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,142 shares of company stock worth $2,347,527. 5.06% of the stock is currently owned by corporate insiders.

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.