Hayward Holdings, Inc. $HAYW Shares Sold by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC significantly reduced its holdings in Hayward Holdings, Inc., selling 27,591 shares and now owning 17,540 shares valued at $242,000.
• CEO Kevin Holleran sold 60,571 shares for approximately $924,919, representing an 8.85% decrease in his ownership, while CFO Eifion Jones sold 20,000 shares for $330,000, marking a 6.51% decline in his stake.
• Hayward's recent earnings report showed a quarterly EPS of $0.24, exceeding estimates, and the company now has a market cap of $3.22 billion with analysts rating the stock as a "Hold" with a target price of $17.50.

Pallas Capital Advisors LLC trimmed its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 61.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,540 shares of the company's stock after selling 27,591 shares during the quarter. Pallas Capital Advisors LLC's holdings in Hayward were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HAYW. Jane Street Group LLC purchased a new stake in shares of Hayward during the fourth quarter worth approximately $538,000. Millennium Management LLC purchased a new stake in shares of Hayward in the fourth quarter valued at about $6,963,000. Nuveen Asset Management LLC boosted its holdings in shares of Hayward by 166.2% in the fourth quarter. Nuveen Asset Management LLC now owns 986,947 shares of the company's stock valued at $15,090,000 after acquiring an additional 616,168 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Hayward in the fourth quarter valued at about $318,000. Finally, Tidal Investments LLC lifted its position in Hayward by 88.6% in the fourth quarter. Tidal Investments LLC now owns 26,570 shares of the company's stock valued at $406,000 after purchasing an additional 12,481 shares during the period.

Insider Transactions at Hayward

In other Hayward news, CEO Kevin Holleran sold 60,571 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $15.27, for a total transaction of $924,919.17. Following the sale, the chief executive officer directly owned 623,540 shares of the company's stock, valued at $9,521,455.80. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $330,000.00. Following the sale, the chief financial officer directly owned 287,231 shares in the company, valued at $4,739,311.50. This represents a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,142 shares of company stock valued at $2,347,527. 5.06% of the stock is currently owned by company insiders.

Hayward Price Performance

HAYW stock opened at $14.85 on Tuesday. Hayward Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $16.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.06 and a current ratio of 2.84. The stock's 50 day moving average price is $15.53 and its 200 day moving average price is $14.31. The firm has a market cap of $3.22 billion, a P/E ratio of 25.60, a PEG ratio of 2.26 and a beta of 1.13.

Hayward (NYSE:HAYW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Hayward had a return on equity of 11.07% and a net margin of 12.04%.The firm had revenue of $299.60 million for the quarter, compared to analyst estimates of $291.17 million. During the same quarter in the prior year, the company earned $0.21 EPS. Hayward's revenue was up 5.3% on a year-over-year basis. Hayward has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Hayward Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their price objective on shares of Hayward from $17.50 to $18.00 and gave the company a "buy" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $17.50.

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.

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