Algert Global LLC Boosts Position in Hayward Holdings, Inc. $HAYW

Key Points

• Algert Global LLC increased its stake in Hayward Holdings by 55.8%, now owning 137,870 shares valued at approximately $1.9 million.
• Several hedge funds significantly raised their positions in Hayward, with Kovitz Investment Group increasing its holdings by 385.5% in the last quarter.
• Hayward reported $299.6 million in revenue for the last quarter, exceeding analyst expectations, and had a net profit margin of 12.04%.

Algert Global LLC lifted its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 55.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 137,870 shares of the company's stock after buying an additional 49,360 shares during the quarter. Algert Global LLC owned 0.06% of Hayward worth $1,919,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in HAYW. Vanguard Group Inc. lifted its holdings in shares of Hayward by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 19,982,416 shares of the company's stock worth $278,155,000 after purchasing an additional 677,373 shares during the last quarter. Michael & Susan Dell Foundation raised its holdings in Hayward by 247.6% during the fourth quarter. Michael & Susan Dell Foundation now owns 8,984,492 shares of the company's stock worth $137,373,000 after purchasing an additional 6,400,000 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Hayward by 385.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,433,106 shares of the company's stock worth $128,942,000 after purchasing an additional 6,696,170 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hayward by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,873,782 shares of the company's stock valued at $74,520,000 after purchasing an additional 392,695 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Hayward by 5.8% in the first quarter. Jennison Associates LLC now owns 3,575,410 shares of the company's stock valued at $49,770,000 after purchasing an additional 194,543 shares in the last quarter.

Hayward Stock Up 0.6%

HAYW stock traded up $0.10 during trading hours on Wednesday, hitting $16.33. The company's stock had a trading volume of 239,590 shares, compared to its average volume of 1,957,436. The stock has a 50 day moving average price of $14.93 and a two-hundred day moving average price of $14.14. Hayward Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $16.87. The company has a market capitalization of $3.54 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.47 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.84 and a debt-to-equity ratio of 0.63.

Hayward (NYSE:HAYW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Hayward had a net margin of 12.04% and a return on equity of 11.07%. 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 prior year, the business earned $0.21 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Hayward

In other news, CFO Eifion Jones sold 20,000 shares of the firm'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 in the company, valued at $4,739,311.50. This trade represents a 6.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Holleran sold 60,571 shares of the firm'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 transaction of $924,919.17. Following the sale, the chief executive officer owned 623,540 shares of the company's stock, valued at $9,521,455.80. This trade represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,142 shares of company stock worth $2,347,527 over the last ninety days. 5.06% of the stock is currently owned by 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.