Hayward Holdings, Inc. $HAYW Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its holdings in Hayward Holdings, Inc. by 44.6%, now owning 37,783 shares valued at approximately $537,000.
• Several institutional investors made significant changes to their positions in Hayward, with Harbor Investment Advisory LLC increasing its holdings by 28.9% during the second quarter.
• Hayward reported a quarterly earnings per share of $0.24, surpassing analyst expectations, with its stock currently having a consensus target price of $17.50.

Wealth Enhancement Advisory Services LLC cut its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 44.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,783 shares of the company's stock after selling 30,414 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Hayward were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Hayward during the 2nd quarter worth approximately $153,000. Harbor Investment Advisory LLC grew its holdings in shares of Hayward by 28.9% during the second quarter. Harbor Investment Advisory LLC now owns 6,571 shares of the company's stock worth $91,000 after purchasing an additional 1,472 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Hayward by 31.7% during the first quarter. Voya Investment Management LLC now owns 41,250 shares of the company's stock worth $574,000 after purchasing an additional 9,925 shares in the last quarter. Strs Ohio purchased a new stake in shares of Hayward in the 1st quarter valued at about $1,528,000. Finally, Jane Street Group LLC lifted its holdings in shares of Hayward by 8.2% in the 1st quarter. Jane Street Group LLC now owns 38,064 shares of the company's stock valued at $530,000 after purchasing an additional 2,885 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hayward in a research report on Saturday, September 27th. Stifel Nicolaus raised their target price on shares of Hayward from $17.50 to $18.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Hayward presently has a consensus rating of "Hold" and a consensus target price of $17.50.

Hayward Stock Up 0.2%

Shares of Hayward stock opened at $15.47 on Monday. Hayward Holdings, Inc. has a one year low of $11.10 and a one year high of $16.87. The company has a market cap of $3.35 billion, a P/E ratio of 26.66, a PEG ratio of 2.33 and a beta of 1.11. 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 firm has a fifty day moving average of $15.59 and a two-hundred day moving average of $14.36.

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

Insider Buying and Selling at Hayward

In other news, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $15.16, for a total transaction of $918,256.36. Following the transaction, the chief executive officer directly owned 623,540 shares of the company's stock, valued at $9,452,866.40. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eifion Jones sold 20,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.50, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 156,142 shares of company stock worth $2,405,676 over the last 90 days. Insiders own 5.06% of the company's stock.

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.

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