Hayward Holdings, Inc. $HAYW Shares Newly Bought by Diversified Management Inc.

Key Points

• Diversified Management Inc. initiated a Hayward Holdings position by purchasing 165,368 shares worth approximately $2.0 million, representing 0.08% ownership. Other institutional investors also increased or initiated holdings.
• Hayward insiders sold 153,500 shares valued at about $2.1 million over the past 90 days, including sales by CEO Kevin Holleran and SVP Susan Canning under pre-arranged Rule 10b5-1 plans.
• Analysts maintain a predominantly cautious view, with a consensus “Hold” rating and a $17.50 price target. Hayward recently exceeded quarterly EPS and revenue estimates, while its shares opened at $11.48, near the 52-week low.

Diversified Management Inc. acquired a new position in Hayward Holdings, Inc. (NYSE:HAYW - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 165,368 shares of the company's stock, valued at approximately $2,024,000. Diversified Management Inc. owned 0.08% of Hayward at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its position in Hayward by 95.3% in the third quarter. Farther Finance Advisors LLC now owns 3,134 shares of the company's stock worth $38,000 after purchasing an additional 1,529 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Hayward during the fourth quarter valued at approximately $39,000. Nykredit A S bought a new stake in shares of Hayward in the 2nd quarter valued at approximately $42,000. Allworth Financial LP acquired a new position in shares of Hayward in the 2nd quarter worth approximately $47,000. Finally, Steph & Co. raised its holdings in shares of Hayward by 134.8% in the 1st quarter. Steph & Co. now owns 6,131 shares of the company's stock worth $82,000 after buying an additional 3,520 shares in the last quarter.

Insider Transactions at Hayward

In related news, CEO Kevin Holleran sold 50,000 shares of Hayward stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $12.40, for a total transaction of $620,000.00. Following the transaction, the chief executive officer owned 401,234 shares of the company's stock, valued at $4,975,301.60. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Susan M. Canning sold 3,500 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $12.84, for a total transaction of $44,940.00. Following the completion of the sale, the senior vice president owned 167,911 shares in the company, valued at approximately $2,155,977.24. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 153,500 shares of company stock valued at $2,122,940. 4.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on HAYW shares. Wolfe Research assumed coverage on Hayward in a research note on Tuesday, September 15th. They issued a "peer perform" rating on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of Hayward in a report on Monday, July 20th. Weiss Ratings lowered shares of Hayward from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, September 14th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Hayward in a research note on Monday, July 6th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Hayward in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $17.50.

Hayward Stock Performance

Shares of NYSE:HAYW opened at $11.48 on Friday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.09 and a beta of 1.18. Hayward Holdings, Inc. has a 1-year low of $11.39 and a 1-year high of $17.73. The company has a current ratio of 3.33, a quick ratio of 2.49 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $13.81 and a two-hundred day moving average price of $14.39.

Hayward (NYSE:HAYW - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The company had revenue of $318.38 million for the quarter, compared to analyst estimates of $303.35 million. During the same quarter last year, the firm earned $0.24 EPS. The company's revenue for the quarter was up 6.3% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Equities analysts predict that Hayward Holdings, Inc. will post 0.87 earnings per share for the current year.

About Hayward

Hayward Holdings, Inc designs, manufactures and markets equipment and technologies used in residential and commercial swimming pools and spas. Its products are intended to support water circulation, filtration, heating, cleaning, sanitation and overall pool management.

The company's product portfolio includes pumps, filters, heaters, heat pumps, salt-chlorination systems, automatic cleaners, lighting, valves, controls and connected pool-management technologies. Hayward sells products under the Hayward brand and through related product lines, serving pool builders, distributors, service professionals and homeowners.

Hayward serves customers in North America and international markets.

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