Swiss National Bank Increases Stock Position in Hayward Holdings, Inc. $HAYW

Key Points

• The Swiss National Bank increased its stake in Hayward Holdings, Inc. by 26.8%, owning 375,600 shares worth approximately $5.23 million after adding 79,500 shares in Q1.
• Hayward's shares opened at $15.77 and have a 12-month range of $11.10 to $16.87 with a market capitalization of $3.42 billion.
• Despite a 0.8% decrease in share value, the company reported better-than-expected quarterly earnings with $0.24 EPS, surpassing analyst predictions of $0.22.

Swiss National Bank increased its position in shares of Hayward Holdings, Inc. (NYSE:HAYW - Free Report) by 26.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 375,600 shares of the company's stock after acquiring an additional 79,500 shares during the period. Swiss National Bank owned approximately 0.17% of Hayward worth $5,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC increased its holdings in Hayward by 0.9% during the 1st quarter. Cerity Partners LLC now owns 99,195 shares of the company's stock worth $1,381,000 after acquiring an additional 869 shares during the period. Pacer Advisors Inc. increased its holdings in Hayward by 9.5% during the 1st quarter. Pacer Advisors Inc. now owns 11,165 shares of the company's stock worth $155,000 after acquiring an additional 969 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Hayward by 5.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 25,916 shares of the company's stock worth $396,000 after acquiring an additional 1,414 shares during the period. Envestnet Asset Management Inc. increased its holdings in Hayward by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 47,384 shares of the company's stock worth $725,000 after acquiring an additional 1,491 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Hayward by 4.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,680 shares of the company's stock worth $515,000 after acquiring an additional 1,550 shares during the period.

Insiders Place Their Bets

In other news, CFO Eifion Jones sold 20,000 shares of the company's stock in a transaction 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 owned 287,231 shares of the company's stock, valued at approximately $4,739,311.50. This represents a 6.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin Holleran sold 60,571 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $15.27, for a total transaction of $924,919.17. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 156,142 shares of company stock valued at $2,347,527 in the last ninety days. 5.06% of the stock is owned by corporate insiders.

Hayward Price Performance

Hayward stock traded down $0.2960 during midday trading on Wednesday, reaching $15.8440. 2,912,089 shares of the stock were exchanged, compared to its average volume of 2,846,182. The company's fifty day moving average is $14.69 and its 200-day moving average is $14.08. The firm has a market cap of $3.43 billion, a PE ratio of 22.42, a PEG ratio of 2.45 and a beta of 1.13. Hayward Holdings, Inc. has a 52 week low of $11.10 and a 52 week 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.

Hayward (NYSE:HAYW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The firm 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 for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Hayward has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

About Hayward

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.